Notes to SEFA
Title: Note 1. Basis of Presentation
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: 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. APAF
has elected not to use the 10-percent de minimis indirect cost rate as allowed under Uniform
Guidance.
The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the
Federal award activity of APAF under programs of the Federal Government for the year ended
December 31, 2023. The information in the 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).
The Schedule presents only a selected portion of the operations of APAF; accordingly, it is not
intended to and does not present the financial position, changes in net assets or cash flows of
APAF.
Title: Note 2. Summary of Significant Accounting Policies
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: 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. APAF
has elected not to use the 10-percent de minimis indirect cost rate as allowed under 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. APAF
has elected not to use the 10-percent de minimis indirect cost rate as allowed under Uniform
Guidance.
Title: Note 3. Reconciliation of Schedule of Expenditures of Federal Awards to Financial Statements
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: 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. APAF
has elected not to use the 10-percent de minimis indirect cost rate as allowed under Uniform
Guidance.
Expenditures per the Schedule of Expenditures of Federal Awards $ 1,170,544
Non-Federal Grants and Contributions 1,387,604
GRANTS AND CONTRIBUTIONS REVENUE PER STATEMENT OF
ACTIVITIES AND CHANGES IN NET ASSETS $ 2,558,148