Notes to SEFA
Accounting Policies: 1.GENERAL INFORMATION The accompanying Schedule of Expenditures of Federal Awards (the Schedule) presents the activities in all Federal award programs of Mobilization for Justice, Inc. (the Organization). 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 the Organization, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the Organization.2. BASIS OF ACCOUNTING 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.3.SUBRECIPIENT The Organization did not pass through any federal awards to subrecipients for the year June 30, 2022.4.INDIRECT COST RATE The Organization has elected to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate.