Notes to SEFA
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.
De Minimis Rate Used: Y
Rate Explanation: The Organization does not have a federally approved negotiated indirect cost rate agreement
and, therefore, is subject to the 10-percent de minimis indirect cost rate under the Uniform
Guidance.
The accompanying schedule of expenditures of federal awards (the Schedule) includes the
federal grant activity of Edesia, Inc. (the Organization) 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 the Organization, it is not intended to and does not present the
financial position, changes in net assets or cash flows of the Organization.
Title: Summary of Significant Accounting Policies
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.
De Minimis Rate Used: Y
Rate Explanation: The Organization does not have a federally approved negotiated indirect cost rate agreement
and, therefore, is subject to the 10-percent de minimis indirect cost rate under the 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.
Title: Indirect Cost Rate
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.
De Minimis Rate Used: Y
Rate Explanation: The Organization does not have a federally approved negotiated indirect cost rate agreement
and, therefore, is subject to the 10-percent de minimis indirect cost rate under the Uniform
Guidance.
The Organization does not have a federally approved negotiated indirect cost rate agreement
and, therefore, is subject to the 10-percent de minimis indirect cost rate under the Uniform
Guidance.