Notes to SEFA
Title: Depreciation
Accounting Policies: The Schedule of Expenditures of Federal Awards is presented on the accrual basis of accounting, the same basis used by the Organization in its financial reporting. Receivables are recorded when appropriate program expenditures are incurred or obligated, and the Organization has a claim for reimbursement. For purposes of the Schedule of Expenditures of Federal Awards, the
Organization considers equipment that has been capitalized, purchased with Federal funds, to be expenditures.
De Minimis Rate Used: N
Rate Explanation: The organization does not use the 10% de minimis indirect cost rate.
Depreciation is not included in the Schedule of Expenditures of Federal Awards because all property and equipment has been purchased with Federal grant money. Therefore, including depreciation would result in the Organization being reimbursed for the expenditure twice.
Title: Pass-Through Source of Awards
Accounting Policies: The Schedule of Expenditures of Federal Awards is presented on the accrual basis of accounting, the same basis used by the Organization in its financial reporting. Receivables are recorded when appropriate program expenditures are incurred or obligated, and the Organization has a claim for reimbursement. For purposes of the Schedule of Expenditures of Federal Awards, the
Organization considers equipment that has been capitalized, purchased with Federal funds, to be expenditures.
De Minimis Rate Used: N
Rate Explanation: The organization does not use the 10% de minimis indirect cost rate.
The Organization receives the majority of its federal award programs directly from the U.S. Department of Health and Human Services.