Title: Relationship to Financial Statements:
Accounting Policies: Basis of Accounting: The Accompanying schedule of expenditures of federal awards includes the federal grant activity of The Aerospace Corporation and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance).
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate. Indirect Cost Rates: The Aerospace Corporation did not elect to use the 10% de minimis indirect cost rate as it does not apply to this entity because negotiated rates are used.
Amounts reported in the preceding schedule is reconciled to the annual financial statements for the Year Ended September 30, 2022 as follows: Direct labor: $462,746,000 Indirect support and administrative costs $595,779,000 Other direct costs $89,543,000 Direct travel $11,012,000 Total costs $1,159,080,000 Plus employer contribution to retirement and benefit plans $(1,599,000) Less other adjustments $(5,306,000) Total reimbursable costs $1,152,175,000 Less nonfederal expenditures $(5,153,000) Total expenditures of federal awards - as listed in the
schedule of federal awards (rounded) $1,147,022,000
Title: Department of Defense, Air Force/SMC/CAT1/CAT2:
Accounting Policies: Basis of Accounting: The Accompanying schedule of expenditures of federal awards includes the federal grant activity of The Aerospace Corporation and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance).
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate. Indirect Cost Rates: The Aerospace Corporation did not elect to use the 10% de minimis indirect cost rate as it does not apply to this entity because negotiated rates are used.
The total of $1,008,753,176 of Department of Defense—Air Force expenditures reported in the schedule of expenditures of federal awards for fiscal year 2022 includes $1,001,339,483 in support of fiscal year 2022 contract modification, $5,065,727 in support of fiscal year 2021 contract modification, $923,013 in support of fiscal year 2020 contract modification, $1,424,697 in support of fiscal year 2019 contract modification, $256 in support of fiscal year 2018 contract modification.
Title: Cost Accounting Standard 414 Cost of Funds:
Accounting Policies: Basis of Accounting: The Accompanying schedule of expenditures of federal awards includes the federal grant activity of The Aerospace Corporation and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance).
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate. Indirect Cost Rates: The Aerospace Corporation did not elect to use the 10% de minimis indirect cost rate as it does not apply to this entity because negotiated rates are used.
The preceding federal expenditures do not include Cost Accounting Standard 414, Cost of Money as an Element of the Cost of Facilities Capital, cost of funds of $10,055,825 for fiscal year 2022.
Title: Subrecipient Awards:
Accounting Policies: Basis of Accounting: The Accompanying schedule of expenditures of federal awards includes the federal grant activity of The Aerospace Corporation and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance).
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate. Indirect Cost Rates: The Aerospace Corporation did not elect to use the 10% de minimis indirect cost rate as it does not apply to this entity because negotiated rates are used.
6. Subrecipient Awards: Of the federal expenditures presented in the schedule of expenditures of federal awards, federal awards provided to subrecipients were as follows: Amount Provided to CFDA Grantor Agency Contract Subrecipient Subrecipient 12 Department of Defense FA8802-19-C-0001 BOT OF SOUTHERN ILLINOIS UNIVERSITY $7,589 FA8802-19-C-0001 REGENTS OF UNIVERSITY CA MERCED 1,832 FA8802-19-C-0001 SOUTHWEST RESEARCH INSTITUTE 29,500 FA8802-19-C-0001 UNIV CORP FOR ATMOSPHERIC RESEARCH 2,601 FA8802-19-C-0001 VIRGINIA POLYTECHNIC INSTITUTE 37,500 Department of Defense Total $79,022 43 National Aeronautics and Space Administration 80NSSC21K1552 COMPUTATIONAL PHYSICS INC. $348 80NSSC18K0973 DIXIE STATE UNIVERSITY 13,177 80NSSC18K1050 JOHNS HOPKINS UNIVERSITY 3,280 80NSSC18K0973 JOHNS HOPKINS UNIVERSITY 6,486 80GSFC19D0011 MITRE CORPORATION 801,705 80GSFC19D0011 UNIVERSITY OF COLORADO 4,348 80NSSC17K0044 UNIVERSITY OF NEW HAMPSHIRE 13,728 80NSSC18K1365 UNIVERSITY SYSTEM OF NEW HAMPSHIRE 25,877 National Aeronautics and Space Administration Total $868,949 47 National Science Foundation AGS-1848730 SPACE SCIENCE INSTITUTE $18,664 National Science Foundation Total $18,664 Total $966,635