Notes to SEFA
Title: Basis of Presentation
Accounting Policies: 2 CFR 200
De Minimis Rate Used: N
Rate Explanation: The organization has elected not to used the 10% de minimus indirect cost rate allowed under the Uniform Guidance
The accompanying Schedule of Expenditures of Federal Awards (the SEFA) includes the federal
award activity of the Organization under programs of the federal government for the year ended
December 31, 2023. The information in this Schedule is presented in accordance with the
requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative
Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance).
The SEF A presents only a selected portion of the operations of the Organization, it is not intended
to and does not present the financial position, changes of net assets, or cash flows of the
Organization.
Title: Summary of Significatn Accounting Policies
Accounting Policies: 2 CFR 200
De Minimis Rate Used: N
Rate Explanation: The organization has elected not to used the 10% de minimus indirect cost rate allowed under the Uniform Guidance
Expenditures reported on the SEF A 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.
Title: Indirect Cost Rate
Accounting Policies: 2 CFR 200
De Minimis Rate Used: N
Rate Explanation: The organization has elected not to used the 10% de minimus indirect cost rate allowed under the Uniform Guidance
The Schedule includes a portion of costs associated with general activities which is allocated to
federal assistance programs under negotiated formulas commonly referred to as indirect cost
rates and federally approved cost allocation plans. The Organization has elected not to use the
10% de minimis indirect cost rate allowed under the Uniform Guidance.
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