Notes to SEFA
Title: NOTE 1 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. Uniform Guidance requires that the Schedule reflect total expenditures for each federal financial assistance program as identified by the federal assistance listing number.
De Minimis Rate Used: N
Rate Explanation: CRA did not elect to use the 10% de minimis rate to determine indirect costs allowed under the Uniform Guidance.
The accompanying schedule of expenditures of federal awards (the “Schedule”) includes the federal grant activity of The Computing Research Association, Inc. (“CRA”) under programs of the federal government for the year ended June 30, 2022.
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 CRA, it is not intended to, and does not, present the financial position, changes in net assets, or cash flows of CRA.
Title: NOTE 2 INDIRECT COST RATE
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. Uniform Guidance requires that the Schedule reflect total expenditures for each federal financial assistance program as identified by the federal assistance listing number.
De Minimis Rate Used: N
Rate Explanation: CRA did not elect to use the 10% de minimis rate to determine indirect costs allowed under the Uniform Guidance.
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. Uniform Guidance requires that the Schedule reflect total expenditures for each federal financial assistance program as identified by the federal assistance listing number.
CRA did not elect to use the 10% de minimis rate to determine indirect costs.
Title: NOTE 3 CATCH UP ADJUSTMENT
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. Uniform Guidance requires that the Schedule reflect total expenditures for each federal financial assistance program as identified by the federal assistance listing number.
De Minimis Rate Used: N
Rate Explanation: CRA did not elect to use the 10% de minimis rate to determine indirect costs allowed under the Uniform Guidance.
In the subsequent year, CRA noted that the pass-through grant costs were underreported in years ended June 30, 2019 through June 30, 2021 for DUE-1821521. The costs amounting to $56,601 reported in the schedule under DUE-1821521 include
$7,873 incurred in 2019, $3,017 in 2020 and $22,941 in 2021. The inclusion of these funds in June 30, 2022 schedule did not alter programs tested as major in the prior years nor the current year.