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 contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Negative amounts shown on the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years. Passthrough entities identifying numbers are presented where available.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The accompanying supplementary schedule of expenditures of federal awards (the Schedule) includes the federal grant activity of Brigham Young University (the University) 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). Because the Schedule presents only a selected portion of the operations of the University, it is not intended and does not present the financial position, changes in net assets, or cash flows of the University.
Title: Passthrough Funds
Accounting Policies: 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. Negative amounts shown on the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years. Passthrough entities identifying numbers are presented where available.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The University has passed through the following federal awards to subrecipients for the year ended December 31, 2023, as follows: CFDA Federal Sponsor Number Expenditures, Department of Agriculture: USDA UDAF 211923 10.000 5,184, Total Department of Agriculture 5,184 Department of Commerce: DOC NOAA UA A22-0306-S001 11.000 150,272, DOC NOAA UA A23-0253-S001 11.432 10,109, DOC NOAA UA A23-0281-S001 11.405 54,061, Total Department of Commerce 214,442 Department of Defense: DOD ARMY ATI 2017-391 12.100 74,224, DOD ARMY VAFB W9126G-23-2-0002 12.005 5,971, DOD ONR N00014-21-1-2069 12.300 601, DOD ONR N00014-21-1-2190 12.300 23,381, DOD USACE W9126G-23-2-0030 12.300 542, Total Department of Defense 104,719 Department of Energy: DOE DE-FE0031928 81.089 896,055, DOE DE-NE0008866 81.121 35,557, DOE DE-SC0016441 81.049 43,113, DOE SANDIA 2345733 81.000 18,020, Total Department of Energy 993,745 Department of Health and Human Services DHHS CDC UofU 10046884-02-BYU 93.262 18,000, DHHS CDC UT UCHD 2021-832 93.391 50,221, DHHS NIH 1R01EB032773 93.286 152,136, DHHS NIH 1R15GM140388-01 93.859 10,086, DHHS NIH 1R15HD101969-01 93.865 8,142, DHHS NIH 2R01DC009616-06A1 93.173 294,572, DHHS NIH 5R01DC016269-03 93.173 243,708, DHHS NIH R01EY012287 93.867 31,943, DHHS NIH R01GM147653 93.859 261,823, Total Department of Health and Human Services 1,070,632 National Aeronautics and Space Administration: NASA 80NSSC20K0528 43.001 99,779, NASA 80NSSC22K0927 43.000 71,886, Total National Aeronautics and Space Administration 171,664 National Science Foundation: NSF 1636645 47.049 579,411, NSF 1650547 CUAS Sensors 47.070 (758), NSF 2012093 47.050 9,968, NSF 2101383 47.076 49,138, NSF 2114655 47.050 25,514, NSF 2135859 47.070 48,164, NSF 2201164 47.076 15,324, NSF 2213295 47.049 1,260, Total National Science Foundation 728,021 TOTAL SUBRECIPIENT PAYMENTS $3,288,407
Title: Federal Loans Program
Accounting Policies: 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. Negative amounts shown on the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years. Passthrough entities identifying numbers are presented where available.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The University administers the Federal Direct Loan Program (including Direct Subsidized Loans, Direct Unsubsidized Loans, and Direct PLUS Loans), CFDA No. 84.268. The University is responsible for completing portions of the loan applications, verifying student eligibility, filing student confirmation reports, processing refunds, and disbursing loan proceeds. During the year ended December 31, 2023, the University authorized new loans under the Federal Direct Loan Program for a total of $31,615,073.