Notes to SEFA
Title: Basis of Presentation
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, wherein certain types of
expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: Y
Rate Explanation: GNU has not elected to use the 10 percent de minimis indirect cost rate as allowed under the Uniform
Guidance
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award
activity of GOOD NEIGHBORS USA (GNU) under programs of the federal government for the year ended
December 31, 2023. 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). Because the Schedule presents only a
selected portion of the operations of GNU, it is not intended to and does not present the financial position,
changes in net assets, or cash flows of GNU.
Title: Summary of Significant Accounting Policie
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, wherein certain types of
expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: Y
Rate Explanation: GNU has not elected to use the 10 percent de minimis indirect cost rate as allowed under the Uniform
Guidance
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, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
Title: Indirect Cost Rate
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, wherein certain types of
expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: Y
Rate Explanation: GNU has not elected to use the 10 percent de minimis indirect cost rate as allowed under the Uniform
Guidance
GNU has not elected to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance