Notes to SEFA
Title: NOTE 1: GENERAL
Accounting Policies: NOTE 2: BASIS OF ACCOUNTING
The accompanying schedule of expenditure of federal awards is presented on the
accrual basis of accounting, which is described in Note 2 of the Organization’s basic
financial statements. The information in this schedule is presented in accordance with
the requirements Title 2 U.S. Code of federal regulations (CFR) Part 200, Uniform
Administrative Requirements, Cost Principles, and Audit Requirements for Federal
Awards (Uniform Guidance).
De Minimis Rate Used: Y
Rate Explanation: NOTE 3: INDIRECT COST RATES
The Organization has elected to use the 10% de minimis indirect cost rate as allowed in
the Uniform Guidance, section 414.
The accompanying schedule of expenditures of federal awards includes the federal
grant activity of the Organization under programs of the federal government for the year
ended June 30, 2023. Because this schedule presents only a selected portion of the
operation of the Organization, it is not intended to and does not present in the financial
position, change in net assets, or cash flows of the Organization.
Title: NOTE 2: BASIS OF ACCOUNTING
Accounting Policies: NOTE 2: BASIS OF ACCOUNTING
The accompanying schedule of expenditure of federal awards is presented on the
accrual basis of accounting, which is described in Note 2 of the Organization’s basic
financial statements. The information in this schedule is presented in accordance with
the requirements Title 2 U.S. Code of federal regulations (CFR) Part 200, Uniform
Administrative Requirements, Cost Principles, and Audit Requirements for Federal
Awards (Uniform Guidance).
De Minimis Rate Used: Y
Rate Explanation: NOTE 3: INDIRECT COST RATES
The Organization has elected to use the 10% de minimis indirect cost rate as allowed in
the Uniform Guidance, section 414.
The accompanying schedule of expenditure of federal awards is presented on the
accrual basis of accounting, which is described in Note 2 of the Organization’s basic
financial statements. The information in this schedule is presented in accordance with
the requirements Title 2 U.S. Code of federal regulations (CFR) Part 200, Uniform
Administrative Requirements, Cost Principles, and Audit Requirements for Federal
Awards (Uniform Guidance).
Title: NOTE 3: INDIRECT COST RATES
Accounting Policies: NOTE 2: BASIS OF ACCOUNTING
The accompanying schedule of expenditure of federal awards is presented on the
accrual basis of accounting, which is described in Note 2 of the Organization’s basic
financial statements. The information in this schedule is presented in accordance with
the requirements Title 2 U.S. Code of federal regulations (CFR) Part 200, Uniform
Administrative Requirements, Cost Principles, and Audit Requirements for Federal
Awards (Uniform Guidance).
De Minimis Rate Used: Y
Rate Explanation: NOTE 3: INDIRECT COST RATES
The Organization has elected to use the 10% de minimis indirect cost rate as allowed in
the Uniform Guidance, section 414.
The Organization has elected to use the 10% de minimis indirect cost rate as allowed in
the Uniform Guidance, section 414.