Title: BASIS OF PRESENTATION
Accounting Policies: The accompanying schedule of expenditures of federal awards (the "Schedule") includes the federal award activity of School-to-School International (STS) 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 STS, it is not intended to and does not present the financial position, changes in net assets, or cash flows of STS. Expenditures reported in 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 limited as to reimbursement. Passthrough entity identifying numbers are presented where available and applicable. Grant periods for certain of the grants included in the Schedule are different from the fiscal year of STS. Expenditures reported in the Schedule only include expenditures for the period of January 1, 2023 through December 31, 2023, which is STS's fiscal year.
De Minimis Rate Used: N
Rate Explanation: STS has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance. STS utilizes an indirect cost rate negotiated with the funding agency.
The accompanying schedule of expenditures of federal awards (the "Schedule") includes the
federal award activity of School-to-School International (STS) 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 STS, it is not intended to and does not present the financial position, changes in net
assets, or cash flows of STS.
Title: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Accounting Policies: The accompanying schedule of expenditures of federal awards (the "Schedule") includes the federal award activity of School-to-School International (STS) 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 STS, it is not intended to and does not present the financial position, changes in net assets, or cash flows of STS. Expenditures reported in 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 limited as to reimbursement. Passthrough entity identifying numbers are presented where available and applicable. Grant periods for certain of the grants included in the Schedule are different from the fiscal year of STS. Expenditures reported in the Schedule only include expenditures for the period of January 1, 2023 through December 31, 2023, which is STS's fiscal year.
De Minimis Rate Used: N
Rate Explanation: STS has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance. STS utilizes an indirect cost rate negotiated with the funding agency.
Expenditures reported in 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 limited as to reimbursement. Passthrough
entity identifying numbers are presented where available and applicable.
Grant periods for certain of the grants included in the Schedule are different from the fiscal year
of STS. Expenditures reported in the Schedule only include expenditures for the period of
January 1, 2023 through December 31, 2023, which is STS's fiscal year.
Title: INDIRECT COSTS
Accounting Policies: The accompanying schedule of expenditures of federal awards (the "Schedule") includes the federal award activity of School-to-School International (STS) 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 STS, it is not intended to and does not present the financial position, changes in net assets, or cash flows of STS. Expenditures reported in 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 limited as to reimbursement. Passthrough entity identifying numbers are presented where available and applicable. Grant periods for certain of the grants included in the Schedule are different from the fiscal year of STS. Expenditures reported in the Schedule only include expenditures for the period of January 1, 2023 through December 31, 2023, which is STS's fiscal year.
De Minimis Rate Used: N
Rate Explanation: STS has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance. STS utilizes an indirect cost rate negotiated with the funding agency.
STS has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform
Guidance.