Notes to SEFA
Title: BASIS OF PRESENTATION
Accounting Policies: Expenditures - Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the principles contained in the Uniform Guidance wherein certain types of expenditures are not allowable or are limited as to reimbursement.Passthrough - Passthrough entity identifying numbers are presented where available.
De Minimis Rate Used: Y
Rate Explanation: The Organization has elected to use the ten percent de minimis indirect cost rate allowed under the Uniform Guidance.
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal grant activity of the Organization under programs or 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 Regulations Part 200, Uniform Administrative Requirements, Cost Principles. and Audit Requiremenlsfor Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the operations or the Organization. it is not intended to and does not present the financial position, changes in net assets or cash flows of the Organization.
Title: Summary of Significant Accounting Policies
Accounting Policies: Expenditures - Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the principles contained in the Uniform Guidance wherein certain types of expenditures are not allowable or are limited as to reimbursement.Passthrough - Passthrough entity identifying numbers are presented where available.
De Minimis Rate Used: Y
Rate Explanation: The Organization has elected to use the ten percent de minimis indirect cost rate allowed under the Uniform Guidance.
Expenditures - Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the principles contained in the Uniform Guidance wherein certain types of expenditures are not allowable or are limited as to reimbursement.
Title: Summary of Significant Accounting Policies
Accounting Policies: Expenditures - Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the principles contained in the Uniform Guidance wherein certain types of expenditures are not allowable or are limited as to reimbursement.Passthrough - Passthrough entity identifying numbers are presented where available.
De Minimis Rate Used: Y
Rate Explanation: The Organization has elected to use the ten percent de minimis indirect cost rate allowed under the Uniform Guidance.
Passthrough - Passthrough entity identifying numbers are presented where available.
Title: Indirect Cost Rate
Accounting Policies: Expenditures - Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the principles contained in the Uniform Guidance wherein certain types of expenditures are not allowable or are limited as to reimbursement.Passthrough - Passthrough entity identifying numbers are presented where available.
De Minimis Rate Used: Y
Rate Explanation: The Organization has elected to use the ten percent de minimis indirect cost rate allowed under the Uniform Guidance.
The Organization has elected to use the ten percent de minimis indirect cost rate allowed under the Uniform Guidance.
Title: Subrecipients
Accounting Policies: Expenditures - Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the principles contained in the Uniform Guidance wherein certain types of expenditures are not allowable or are limited as to reimbursement.Passthrough - Passthrough entity identifying numbers are presented where available.
De Minimis Rate Used: Y
Rate Explanation: The Organization has elected to use the ten percent de minimis indirect cost rate allowed under the Uniform Guidance.
No awards were passed through to subrecipients.
Title: Relationship to Financial Statements
Accounting Policies: Expenditures - Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the principles contained in the Uniform Guidance wherein certain types of expenditures are not allowable or are limited as to reimbursement.Passthrough - Passthrough entity identifying numbers are presented where available.
De Minimis Rate Used: Y
Rate Explanation: The Organization has elected to use the ten percent de minimis indirect cost rate allowed under the Uniform Guidance.
Federal expenditures and revenues are reported in the Organization's financial statements as follows: Grants $2,777,715 Less: non-federal grants (142,150) = $2,635,565