Title: Basis of Presentation
Accounting Policies: 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). The SEFA has been prepared using the cash basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The negotiated institutional indirect cost rate is 52.5% Modified Total Direct Cost. The base excludes capital items, participant support costs, subcontract costs exceeding the first $25K of
each subcontract, internal ship time, and MARS port fees. MBARI also excludes costs associated with fixed assets from OH. The exclusion applies to all costs directly associated with the internal
construction costs of an asset including, but not limited to wages, fringe, components, and any costs necessary to make the asset operational. Our indirect cost rate is negotiated by USDI on behalf of
NOAA. The Federal Cognizant Agency Official for questions regarding the negotiated the agreement is Tony Pisarenko: Anatoliy_Pisarenko@ibc.doi.gov, (916) 930-3812, Indirect Cost & Contract Audit
Division, Interior Business Center, U.S. Department of the Interior. The Federal Cognizant Agency Official at NOAA is Lamar Revis: lamar.revis@noaa.gov, 301-628-1308, Grants Management
Division, NOAA, 1325 EAST WEST HWY, Room # 9332, Silver Spring, MD 20910-3283.
The accompanying schedule of expenditures of federal awards (the “Schedule”), presents the federal grant activity of the Monterey Bay Aquarium Research Institute (the “Institute”). 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). Therefore, some amounts presented in the Schedule may differ from the presentation of the amounts in the financial statements. All federal awards passed through from other governmental agencies are included in the Schedule. During the year ended December 31, 2023, no noncash awards were received by the Institute. Expenditures reported on the Schedule are reported on the cash basis of accounting, a comprehensive basis of accounting other than accounting principles generally accepted in the United States of America, to facilitate and comply with the cash reimbursement of grant expenditures by the Institute throughout the year.
Title: Facilities and Administrative Costs
Accounting Policies: 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). The SEFA has been prepared using the cash basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The negotiated institutional indirect cost rate is 52.5% Modified Total Direct Cost. The base excludes capital items, participant support costs, subcontract costs exceeding the first $25K of
each subcontract, internal ship time, and MARS port fees. MBARI also excludes costs associated with fixed assets from OH. The exclusion applies to all costs directly associated with the internal
construction costs of an asset including, but not limited to wages, fringe, components, and any costs necessary to make the asset operational. Our indirect cost rate is negotiated by USDI on behalf of
NOAA. The Federal Cognizant Agency Official for questions regarding the negotiated the agreement is Tony Pisarenko: Anatoliy_Pisarenko@ibc.doi.gov, (916) 930-3812, Indirect Cost & Contract Audit
Division, Interior Business Center, U.S. Department of the Interior. The Federal Cognizant Agency Official at NOAA is Lamar Revis: lamar.revis@noaa.gov, 301-628-1308, Grants Management
Division, NOAA, 1325 EAST WEST HWY, Room # 9332, Silver Spring, MD 20910-3283.
The Institute uses its negotiated indirect cost rates rather than the 10% de minimis rate allowed by Uniform Guidance.