Notes to SEFA
Title: Basis of Presentation
Accounting Policies: Expenditures reported in the accompanying Schedule are reported on the accrual basis of
accounting. Such expenditures are recognized following the cost principles contained in the
Uniform Guidance and “frequently asked questions” (“FAQs”) and other guidance issued
by the U.S. Department of Health and Human Services, wherein certain types of expenditures are not allowable or limited as to
reimbursement. Pass-through entity identifying numbers are presented where available.
De Minimis Rate Used: N
Rate Explanation: The Center has elected not to use the 10% de minimis indirect cost rate allowed under the
Uniform Guidance.
The accompanying Schedule of Expenditures of Federal and State awards (the “Schedule”)
includes the grant activity of the Center under
programs of the federal and state governments for the year ended September 30, 2021. 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 the Center, it is not intended to and does not present
the financial position, changes in net assets, or cash flows of the Center.