Notes to SEFA
Accounting Policies: The accompanying schedule of expenditures of federal awards (the “Schedule”) includes the federal grant activity of Church World Service, Inc. (“CWS”) and is presented on the accrual basis of accounting. The information in the Schedule is presented in accordance with Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirement for Federal Awards. Therefore, some amounts presented in the Schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements, which are prepared in conformity with U.S. generally accepted accounting principles.
Amounts reimbursable under U.S. governmental programs are generally recognized in the period in which the expenses are incurred, except for the U.S. Reception and Placement Program, which is principally based on the number of authorized refugees resettled.
De Minimis Rate Used: N
Rate Explanation: CWS has elected not to use the 10-percent de minimus indirect cost rate allowed under the Uniform Guidance.