Title: NOTE 2 - BASIS OF ACCOUNTING
Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) presents the activity of all federal financial assistance programs of California Labor Federation, AFL-CIO under programs of the federal government for the year ended December 31, 2020. 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 California Labor Federation, AFL-CIO, it is not intended to and does not present the financial position, changes in net assets, or cash flows of California Labor Federation, AFL-CIO
De Minimis Rate Used: N
Rate Explanation: California Labor Federation, AFL-CIO has elected not to use the 10% de minimus indirect cost rate allowed under the Uniform Guidance.
The accompanying schedule of expenditures of federal awards of California Labor Federation, AFL-CIO is presented on the cash basis of accounting. The information in this Schedule is presented in accordance with the requirements of the Uniform Guidance
Title: NOTE 3 - CLAIMS
Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) presents the activity of all federal financial assistance programs of California Labor Federation, AFL-CIO under programs of the federal government for the year ended December 31, 2020. 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 California Labor Federation, AFL-CIO, it is not intended to and does not present the financial position, changes in net assets, or cash flows of California Labor Federation, AFL-CIO
De Minimis Rate Used: N
Rate Explanation: California Labor Federation, AFL-CIO has elected not to use the 10% de minimus indirect cost rate allowed under the Uniform Guidance.
California Labor Federation, AFL-CIO has received federal grants for specific purposes that are subject to review and audit by the Federal Government. Although such audits could result in expenditure disallowance under the grant terms, any required reimbursements are not expected to be material which have not already been recorded.
Title: NOTE 4- INDIRECT COSTS
Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) presents the activity of all federal financial assistance programs of California Labor Federation, AFL-CIO under programs of the federal government for the year ended December 31, 2020. 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 California Labor Federation, AFL-CIO, it is not intended to and does not present the financial position, changes in net assets, or cash flows of California Labor Federation, AFL-CIO
De Minimis Rate Used: N
Rate Explanation: California Labor Federation, AFL-CIO has elected not to use the 10% de minimus indirect cost rate allowed under the Uniform Guidance.
California Labor Federation, AFL-CIO has elected not to use the 10% de minimus indirect cost rate allowed under the Uniform Guidance.