Notes to SEFA
Title: Subrecipients
Accounting Policies: Expenditures reported in the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, Cost Principles for Non-Profit
Foundations, wherein certain types of expenditures are not allowable or are limited as to reimbursement. MHRF has elected not to use the 10-percent de minims indirect cost rate allowed under the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: Did not use de minimus cost rate
Of the federal expenditures presented in the Schedule, MHRF provided federal awards to subrecipients as follows: Assistance Listing Number: 12.420 Federal Program: Department of Defense, US Army Medical Research Acquistion Amount provided to Subrecipients: $772,474 Assistance Listing Number: 12.300 Federal Program: Department of Defense, Air Force Material Command Amount provided to Subrecipients $1,024,508 As a subrecipient, MHRF has certain compliance responsibilities, such as monitoring its subrecipients to help assure they use these sub-awards as authorized by laws, regulations, and the provisions of contracts or grant agreements, and that subrecipients achieve the award’s performance goals.