Notes to SEFA
Title: 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 the Uniform Guidance, wherein certain types of
expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: Y
Rate Explanation: The Organization elected to use the 10% de minimis indirect cost rate allowed by the Uniform Guidance.
The accompanying Schedule of Expenditures of Federal Awards includes the federal award activity of the
Organization 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 of Title 2 U.S. Code of
Federal Regulation Part 200, Uniform Administrative Requirements, Cost Principle, and Audit
Requirements for Federal Awards (Uniform Guidance). The schedule presents only a selected portion of
the operations of the Organization and is not intended to and does not present the financial position,
changes in net assets, or cash flow of the Organization.