Notes to SEFA
Accounting Policies: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Expenditures reported on the Schedule are reported on the accrual basis of accounting.
Such expenditures are recognized following the cost principles contained in the Uniform
Guidance for all awards with the exception of Assistance Listing 21.019, which follows
criteria determined by the Department of Treasury for allowability of costs. Under these
principles, 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 normal course of business to amounts reported as expenditures in prior years. BASIS OF PRESENTATION
The accompanying schedule of expenditures of federal awards (the Schedule) includes the
federal award activity of GreenPath Inc. and its Subsidiaries, under programs of the federal
government for the year ended December 31, 2022. The information in this Schedule is
presented in accordance with the requirements of 2 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 of the Organization.
De Minimis Rate Used: N
Rate Explanation: The Organization has elected to not use the 10-percent de minimis indirect cost rate as
allowed under the Uniform Guidance and does not allocate indirect costs.