Audit 316278

Accounting Policies: (1) GENERAL INFORMATION The accompanying schedule of expenditures of federal awards presents the activities in all the federal financial assistance programs of Rodale Institute. All financial assistance received directly from federal agencies as well as federal financial assistance passed through other governmental agencies or nonprofit organizations are included on the schedule of expenditures of federal awards. The information in this schedule is presented in accordance with the requirements of the Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards ("Uniform Guidance"). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements. (2) BASIS OF ACCOUNTING 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 to reimbursement. (3) RELATIONSHIP TO BASIC FINANCIAL STATEMENTS Federal awards expenditures reported in the basic financial statements are presented may differ from the expenditures reported in the schedule of expenditures of federal awards due to the expenditures exceeding grant or contract budget limitations which are not included as federal awards. (4) INDIRECT COSTS Rodale Institute has not elected to use the 10-percent de minimus indirect cost rate allowed under the Uniform Guidance. - De Minimis Rate Used: N Rate Explanation: Rodale Institute has not elected to use the 10-percent de minimus indirect cost rate allowed under the Uniform Guidance.