Notes to SEFA
Title: (1) Basis of Presentation
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (the “Schedule”) includes the federal grant activity of the Organization and is presented on the accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: NMPASI negotiated an indirect cost for all existing programs for the fiscal year ended September 30, 2023. The approved rates are as follows:
Restricted indirect cost rates 47.70%
The Northern Marianas Protection and Advocacy Systems, Inc. (NMPASI) was incorporated in the Commonwealth of the Northern Mariana Islands (CNMI) as a nonprofit corporation on April 26, 1993. NMPASI was created for the specific purpose of providing protection and advocacy services to further the human, civil and legal rights of persons with disabilities in the CNMI. NMPASI is supported primarily through federal award
programs, CNMI government appropriations and private donations.
Title: (2) Summary of Significant Accounting Policies
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (the “Schedule”) includes the federal grant activity of the Organization and is presented on the accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: NMPASI negotiated an indirect cost for all existing programs for the fiscal year ended September 30, 2023. The approved rates are as follows:
Restricted indirect cost rates 47.70%
Basis of Accounting
The accompanying Schedule of Expenditures of Federal Awards (the “Schedule”) includes the federal grant activity of the Organization and is presented on the accrual basis of
accounting. For purposes of this report, certain accounting procedures were followed which help illustrate the authorizations and expenditures of the individual programs. All authorizations represent the total allotment or grant awards received. All expenses and capital outlays are reported as expenditures and transfers. 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 position or cash flows of the Organization. Any Federal funds expended in excess of Federal funds received are recorded as a receivable from the grantor agency and any federal funds received in excess of federal
funds expended are recorded as a payable to the grantor agency.
Cost Allocation
The Organization is currently allocating administrative costs to program awards based upon criteria prescribed in those program awards.
Title: (3) Indirect Cost Allocation
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (the “Schedule”) includes the federal grant activity of the Organization and is presented on the accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: NMPASI negotiated an indirect cost for all existing programs for the fiscal year ended September 30, 2023. The approved rates are as follows:
Restricted indirect cost rates 47.70%
NMPASI negotiated an indirect cost with all existing programs for the fiscal year 2022.
The approved rates are as follows:
Restricted 50.4% The restricted rate was applicable to all programs awards and is based on total direct costs,
less capital expenditures and pass-through funds. Pass-through funds are normally defined
as major subcontracts, payments to participants, stipends to eligible recipients and
subgrants, all of which normally require minimal administrative effort.
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