Notes to SEFA
Title: Basis of presentation
Accounting Policies: Expenditures reported on the Schedule of Expenditures of Federal Awards 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: N
Rate Explanation: Nevada Donor Network, Inc. and Subsidiaries has not elected to use the ten percent de minimus indirect cost rate as allowed under the Uniform Guidance.
The accompanying Schedule of Expenditures of Federal Awards (the “Schedule”) includes the federal award activity of Nevada Donor Network, Inc. and Subsidiaries 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 Nevada Donor Network, Inc. and Subsidiaries, it is not intended to and does not present the consolidated financial position, changes in net assets or cash flows of Nevada Donor Network, Inc. and Subsidiaries. Nevada Donor Network, Inc. and Subsidiaries did not provide federal awards to sub-recipeints during the year ended December 31, 2023.
Title: Assistance listing numbers
Accounting Policies: Expenditures reported on the Schedule of Expenditures of Federal Awards 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: N
Rate Explanation: Nevada Donor Network, Inc. and Subsidiaries has not elected to use the ten percent de minimus indirect cost rate as allowed under the Uniform Guidance.
The program titles and assistance listing numbers were obtained from the 2023 Assistance Listing.