Title: GENERAL
Accounting Policies: NOTE 1 – GENERAL
The accompanying schedule of expenditures of federal awards (“SEFA”) includes the federal grant activity of Southern California Institute for Research and Education (the “Institute”) under programs of the federal government for the year ended September 30, 2023. The information in
the SEFA is presented in accordance with the standards applicable to financial audits contained in Government Auditing Standards issued by the Comptroller General of the United States of America, and the audit 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 of expenditures of federal awards presents only a selected portion of the operations of the Institute, it is not intended to and does not present the financial position, changes in net assets or cash flows of the Institute. Federal awards received directly from federal agencies as well as federal awards passed through universities and other agencies are included in the SEFA.
NOTE 2 – BASIS OF ACCOUNTING
The accompanying SEFA is presented using the accrual basis of accounting which is described in the notes to the Institute’s financial statements. Such expenditures are recognized following the cost principles contained in OMB Circular A-122, Cost Principles for Non-Profit Organizations, and Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, where certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The SEFA includes both direct and indirect costs expended for all grants. The indirect costs expensed under federal awards are based on an annual rate which is negotiated with and approved by the Cost Allocation Services at the U.S. Department of Health and Human Services.
The accompanying schedule of expenditures of federal awards (“SEFA”) includes the federal grant activity of Southern California Institute for Research and Education (the “Institute”) under programs of the federal government for the year ended September 30, 2023. The information in the SEFA is presented in accordance with the standards applicable to financial audits contained in Government Auditing Standards issued by the Comptroller General of the United States of America, and the audit 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 of expenditures of federal awards presents only a selected portion of the operations of the Institute, it is not intended to and does not present the financial position, changes in net assets or cash flows of the Institute. Federal awards received directly from federal agencies as well as federal awards passed through universities and other agencies are included in the SEFA.
Title: BASIS OF ACCOUNTING
Accounting Policies: NOTE 1 – GENERAL
The accompanying schedule of expenditures of federal awards (“SEFA”) includes the federal grant activity of Southern California Institute for Research and Education (the “Institute”) under programs of the federal government for the year ended September 30, 2023. The information in
the SEFA is presented in accordance with the standards applicable to financial audits contained in Government Auditing Standards issued by the Comptroller General of the United States of America, and the audit 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 of expenditures of federal awards presents only a selected portion of the operations of the Institute, it is not intended to and does not present the financial position, changes in net assets or cash flows of the Institute. Federal awards received directly from federal agencies as well as federal awards passed through universities and other agencies are included in the SEFA.
NOTE 2 – BASIS OF ACCOUNTING
The accompanying SEFA is presented using the accrual basis of accounting which is described in the notes to the Institute’s financial statements. Such expenditures are recognized following the cost principles contained in OMB Circular A-122, Cost Principles for Non-Profit Organizations, and Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, where certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The SEFA includes both direct and indirect costs expended for all grants. The indirect costs expensed under federal awards are based on an annual rate which is negotiated with and approved by the Cost Allocation Services at the U.S. Department of Health and Human Services.
The accompanying SEFA is presented using the accrual basis of accounting which is described in the notes to the Institute’s financial statements. Such expenditures are recognized following the cost principles contained in OMB Circular A-122, Cost Principles for Non-Profit Organizations, and Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, where certain types of expenditures are not allowable or are limited as to reimbursement.
Title: RELATIONSHIP TO FEDERAL AWARDS REPORTS
Accounting Policies: NOTE 1 – GENERAL
The accompanying schedule of expenditures of federal awards (“SEFA”) includes the federal grant activity of Southern California Institute for Research and Education (the “Institute”) under programs of the federal government for the year ended September 30, 2023. The information in
the SEFA is presented in accordance with the standards applicable to financial audits contained in Government Auditing Standards issued by the Comptroller General of the United States of America, and the audit 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 of expenditures of federal awards presents only a selected portion of the operations of the Institute, it is not intended to and does not present the financial position, changes in net assets or cash flows of the Institute. Federal awards received directly from federal agencies as well as federal awards passed through universities and other agencies are included in the SEFA.
NOTE 2 – BASIS OF ACCOUNTING
The accompanying SEFA is presented using the accrual basis of accounting which is described in the notes to the Institute’s financial statements. Such expenditures are recognized following the cost principles contained in OMB Circular A-122, Cost Principles for Non-Profit Organizations, and Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, where certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The SEFA includes both direct and indirect costs expended for all grants. The indirect costs expensed under federal awards are based on an annual rate which is negotiated with and approved by the Cost Allocation Services at the U.S. Department of Health and Human Services.
Amounts reported in the accompanying SEFA agree with the amounts reported in the related federal financial reports for all major federal programs.
Title: INDIRECT COSTS
Accounting Policies: NOTE 1 – GENERAL
The accompanying schedule of expenditures of federal awards (“SEFA”) includes the federal grant activity of Southern California Institute for Research and Education (the “Institute”) under programs of the federal government for the year ended September 30, 2023. The information in
the SEFA is presented in accordance with the standards applicable to financial audits contained in Government Auditing Standards issued by the Comptroller General of the United States of America, and the audit 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 of expenditures of federal awards presents only a selected portion of the operations of the Institute, it is not intended to and does not present the financial position, changes in net assets or cash flows of the Institute. Federal awards received directly from federal agencies as well as federal awards passed through universities and other agencies are included in the SEFA.
NOTE 2 – BASIS OF ACCOUNTING
The accompanying SEFA is presented using the accrual basis of accounting which is described in the notes to the Institute’s financial statements. Such expenditures are recognized following the cost principles contained in OMB Circular A-122, Cost Principles for Non-Profit Organizations, and Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, where certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The SEFA includes both direct and indirect costs expended for all grants. The indirect costs expensed under federal awards are based on an annual rate which is negotiated with and approved by the Cost Allocation Services at the U.S. Department of Health and Human Services.
The SEFA includes both direct and indirect costs expended for all grants. The indirect costs expensed under federal awards are based on an annual rate which is negotiated with and approved by the Cost Allocation Services at the U.S. Department of Health and Human Services.