Notes to SEFA
Title: Federal Expenditures
Accounting Policies: All expenditures included in the schedule of expenditures of federal awards are presented on the basis that expenditures are reported to the respective federal grantor agencies. Accordingly, expenditures are recorded when the federal obligation is determined.
De Minimis Rate Used: N
Rate Explanation: The Organization did not use the federal de minimis indirect cost rate of 10% on their federal grants for the year ended September 30, 2023. As required by federal funding sources, in accordance with Office of Management and Budget Guidelines, the Organization maintains separate accounts to identify indirect costs. While most costs (direct costs) can be identified as pertaining to a specific program, other costs (indirect costs) actually apply to more than one program. These costs are accumulated in an “indirect cost pool,” then allocated semi-monthly to grants and contracts based upon a predetermined rate of 19.0% for 2023 of total direct costs. This provisional indirect cost rate has been carefully developed to allocate costs in a consistent, equitable, and reasonable manner and has been approved by the Organization’s cognizant agency, the U.S. Department of Interior.
The schedule of expenditures of federal awards reflect federal expenditures for all individual grants which active during the fiscal year