Notes to SEFA
Title: BASIS OF PRESENTATION
Accounting Policies: 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 limited as to reimbursement. Pass‐through entity identifying numbers are presented where available and applicable.
De Minimis Rate Used: N
Rate Explanation: CNM did not use the 10% de minimis cost rate.
The accompanying schedule of expenditures of federal awards (the "Schedule") includes the federal
award activity of Southern California Center for Nonprofit Management (the "Organization") under
programs of the federal government for the year ended June 30. 2022. 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 CNM,
it is not intended to and does not present the financial position, changes in net assets, or cash flows of
CNM.
Title: SUMMARY Of SIGNIFICANTACCOUNTING POLICIES
Accounting Policies: 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 limited as to reimbursement. Pass‐through entity identifying numbers are presented where available and applicable.
De Minimis Rate Used: N
Rate Explanation: CNM did not use the 10% de minimis cost rate.
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 limited as to reimbursement. Pass‐through entity
identifying numbers are presented where available and applicable.
Title: INDIRECT COSTS
Accounting Policies: 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 limited as to reimbursement. Pass‐through entity identifying numbers are presented where available and applicable.
De Minimis Rate Used: N
Rate Explanation: CNM did not use the 10% de minimis cost rate.
CNM did not use the 10% de minimis cost rate.