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 in the Uniform Guidance, wherein certain types of expenditures are not allowable, or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: CSIS negotiates and utilizes an indirect cost rate with the federal government and therefore, CSIS has elected not use the 10% 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 Center for Strategic and International Studies, Inc. (CSIS) under programs of the federal government for the year ended September 30, 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). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements. Because the Schedule presents only a selected portion of the operations of CSIS, it is not intended to and does not present the financial position, changes in net assets or cash flows of CSIS.
Title: Summary of Significant Accounting Policies
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles in the Uniform Guidance, wherein certain types of expenditures are not allowable, or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: CSIS negotiates and utilizes an indirect cost rate with the federal government and therefore, CSIS has elected not use the 10% 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 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 in the Uniform Guidance, wherein certain types of expenditures are not allowable, or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: CSIS negotiates and utilizes an indirect cost rate with the federal government and therefore, CSIS has elected not use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.
CSIS negotiates and utilizes an indirect cost rate with the federal government and therefore, CSIS has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
Title: Reconciliation
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles in the Uniform Guidance, wherein certain types of expenditures are not allowable, or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: CSIS negotiates and utilizes an indirect cost rate with the federal government and therefore, CSIS has elected not use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.
The accompanying schedule of expenditures of federal awards is reconciled to the statement of activities for the year ended September 30, 2023, of CSIS as follows:(See the Notes to the SEFA for chart/table"