Notes to SEFA
Title: Note 1 – 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 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. Pass-through entity identifying numbers are presented
where available.
De Minimis Rate Used: Y
Rate Explanation: Institute for the Advancement of Minority Health has elected to use the 10-percent de minimis indirect
cost rate allowed under the Uniform Guidance.
The accompanying schedule of expenditures of federal awards (the “Schedule”) includes the federal
grant activity of Institute for the Advancement of Minority Health under programs of the federal
government for the year ended December 31, 2022. The information in this Schedule is presented in
accordance with the requirements for U.S. Code of Federal Regulations Part 200, Uniform
Administrative Requirements for Federal Awards (Uniform Guidance). Therefore, some amounts
presented in the schedule may differ from amounts presented in, or used in the preparation of, the basic
financial statements.
Title: Note 2 – 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 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. Pass-through entity identifying numbers are presented
where available.
De Minimis Rate Used: Y
Rate Explanation: Institute for the Advancement of Minority Health has elected to use the 10-percent de minimis indirect
cost rate allowed 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 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. Pass-through entity identifying numbers are presented
where available.
Title: Note 3 – 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 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. Pass-through entity identifying numbers are presented
where available.
De Minimis Rate Used: Y
Rate Explanation: Institute for the Advancement of Minority Health has elected to use the 10-percent de minimis indirect
cost rate allowed under the Uniform Guidance.
Institute for the Advancement of Minority Health has elected to use the 10-percent de minimis indirect
cost rate allowed under the Uniform Guidance.