Notes to SEFA
Title: Note 1: Basis of Presentation
Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal activity under programs of the Federal government during 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. All federal awards received directly from Federal agencies, as well as Federal awards passed through other government agencies, are included in the Schedule.
De Minimis Rate Used: N
Rate Explanation: The use of a ten percent de minimis rate as allowed by the Uniform Guidance is not applicable to the Organization.
See table on page 32
Title: Note 2: Summary of Significant Accounting Policies
Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal activity under programs of the Federal government during 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. All federal awards received directly from Federal agencies, as well as Federal awards passed through other government agencies, are included in the Schedule.
De Minimis Rate Used: N
Rate Explanation: The use of a ten percent de minimis rate as allowed by the Uniform Guidance is not applicable to the Organization.
See table on page 32
Title: Note 3: Indirect Cost Rate
Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal activity under programs of the Federal government during 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. All federal awards received directly from Federal agencies, as well as Federal awards passed through other government agencies, are included in the Schedule.
De Minimis Rate Used: N
Rate Explanation: The use of a ten percent de minimis rate as allowed by the Uniform Guidance is not applicable to the Organization.
See table on page 32