Notes to SEFA
Accounting Policies: The accompanying schedule of federal expenditures of federal awards (the Schedule) includes the federal grant activity of Alpine Achievers Initiative, 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: Y
Rate Explanation: Alpine Achievers Initiative has elected to use the 10% de minimis cost rate as covered in the Uniform Guidance 2 CFR section 200.414 Indirect Costs.