Notes to SEFA
Title: NOTE A - BASIS OF PRESENTATION
Accounting Policies: See notes.
De Minimis Rate Used: Y
Rate Explanation: See note c
The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the federal award activity
of Two Feathers Native American Family Services (the Organization) under programs of the federal government for
the year ended June 30, 2023. The information in this Schedule is presented in accordance with the requirements
of Title 2 U. S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles,
and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected
portion of the operations of the Organization, it is not intended to and does not present the financial position, changes
in net assets or cash flows for the Organization.
For purposes of the Schedule, federal awards include all grants and contracts entered into directly between the
Organization, agencies, and departments of the federal government. The awards are classified into major program
categories in accordance with the provisions of the Uniform Grant Guidance.
Title: NOTE B - BASIS OF ACCOUNTING
Accounting Policies: See notes.
De Minimis Rate Used: Y
Rate Explanation: See note c
Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are
recognized following the cost principles contained in Title 2 U. S. Code of Federal Regulations (CFR) Part 200,
Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform
Guidance), wherein certain types of expenditures are not allowable or are limited as to reimbursement. Negative
amounts shown on the Schedule represent adjustments or credits made in the course of business to amounts reported
as expenditures in prior years.
Title: NOTE C - INDIRECT COST RATE
Accounting Policies: See notes.
De Minimis Rate Used: Y
Rate Explanation: See note c
The Organization elected to use the ten percent federal de minimis cost rate allowed under Title 2 U. S. Code of
Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements
for Federal Awards (Uniform Guidance) when applicable.
Title: NOTE D - RELATIONSHIP OF SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS TO
FINANCIAL STATEMENTS
Accounting Policies: See notes.
De Minimis Rate Used: Y
Rate Explanation: See note c
Consistent with management’s policy, federal awards and other grants are recorded in respective revenue categories.
As result, the amount of total federal awards expended on the Schedule does not agree to total grant revenue on the
Statement of Operations and Changes in Net Assets as presented in the Organization’s report on the audited financial
statements.