Title: Relationship to Financial Statements:
Accounting Policies: Basis of Accounting: The Accompanying schedule of expenditures of federal awards includes the federal grant activity of The Aerospace Corporation and is presented on the accrual basis of accounting. 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).
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate. Indirect Cost Rates: The Aerospace Corporation did not elect to use the 10% de minimis indirect cost rate as it does not apply to this entity because negotiated rates are used.
Amounts reported in the preceding schedule is reconciled to the annual financial statements for the Year Ended September 30, 2023 as follows: Direct labor $501,582,000 Indirect support and administrative costs 622,488,000 Other direct costs 96,407,000 Direct travel 16,778,000 Total costs $1,237,255,000 Plus employer contribution to retirement and benefit plans 21,328,000 Plus other adjustments 759,000 Total reimbursable costs $1,259,342,000 Less nonfederal expenditures (7,929,000) "Total expenditures of federal awards - as listed in the schedule of federal awards (rounded)" $1,251,413,000
Title: Department of Defense, Air Force/SSC/CAT1/CAT2:
Accounting Policies: Basis of Accounting: The Accompanying schedule of expenditures of federal awards includes the federal grant activity of The Aerospace Corporation and is presented on the accrual basis of accounting. 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).
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate. Indirect Cost Rates: The Aerospace Corporation did not elect to use the 10% de minimis indirect cost rate as it does not apply to this entity because negotiated rates are used.
The total of $1,084,726,838 of Department of Defense—Air Force expenditures reported in the schedule of expenditures of federal awards for fiscal year 2023 includes $1,077,922,463 in support of fiscal year 2023 contract modification, $5,000,131 in support of fiscal year 2022 contract modification, $770,852 in support of fiscal year 2021 contract modification, $465,368 in support of fiscal year 2020 contract modification, $568,024 in support of fiscal year 2019 contract modification.
Title: Cost Accounting Standard 414 Cost of Funds:
Accounting Policies: Basis of Accounting: The Accompanying schedule of expenditures of federal awards includes the federal grant activity of The Aerospace Corporation and is presented on the accrual basis of accounting. 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).
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate. Indirect Cost Rates: The Aerospace Corporation did not elect to use the 10% de minimis indirect cost rate as it does not apply to this entity because negotiated rates are used.
The preceding federal expenditures do not include Cost Accounting Standard 414, Cost of Money as an Element of the Cost of Facilities Capital, cost of funds of $12,251,505 for fiscal year 2023.
Title: Subrecipient Awards:
Accounting Policies: Basis of Accounting: The Accompanying schedule of expenditures of federal awards includes the federal grant activity of The Aerospace Corporation and is presented on the accrual basis of accounting. 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).
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate. Indirect Cost Rates: The Aerospace Corporation did not elect to use the 10% de minimis indirect cost rate as it does not apply to this entity because negotiated rates are used.
Of the federal expenditures presented in the schedule of expenditures of federal awards, federal awards provided to subrecipients were as follows:
Amount Provided to ALN Grantor Agency Contract Subrecipient Subrecipient 12 Department of Defense FA8802-19-C-0001 BOT OF SOUTHERN ILLINOIS UNIVERSITY $85,059 FA8802-19-C-0001 REGENTS OF THE UNIV OF CALIF (REGENTS SA) 6,002 FA8802-19-C-0001 REGENTS OF UNIVERSITY CA MERCED 8,021 FA8802-19-C-0001 SEVENTH-DAY ADVENTIST LOMA LINDA 20,000 FA8802-19-C-0001 THE UNIVERSITY CORPORATION - CSU NORTHRIDGE 12,496 FA8802-19-C-0001 THE UNIVERSITY CORPORATION - CSU NORTHRIDGE 15,000 Department of Defense Total $146,578 43 National Aeronautics and Space Administration 80NSSC20K0725 BOSTON UNIVERSITY (BOSTON PO) $14,652 80GSFC19D0011 BUTLER UNIVERSITY 61,024 80NSSC18K0973 DIXIE STATE UNIVERSITY 21,823 80NSSC21K1552 EMBRY-RIDDLE AERONAUTICAL 413 80NSSC18K0973 JOHNS HOPKINS UNIVERSITY 13,220 80GSFC19D0011 MITRE CORPORATION 882,509 80GSFC19D0011 UNIVERSITY OF COLORADO 7,095 80NSSC17K0044 UNIVERSITY OF NEW HAMPSHIRE 73,569 80NSSC22K0768 UT-BATTELLE LLC (UT-BATTELLE) 31,901 National Aeronautics and Space Administration Total $1,106,206 47 National Science Foundation AGS-1848730 SPACE SCIENCE INSTITUTE $39,913 National Science Foundation Total $39,913 Total $1,292,697