Notes to SEFA
Accounting Policies: 1. GENERAL
The accompanying Schedule of Expenditures of Federal Awards (the Schedule) has been prepared in accordance with accounting principles generally accepted in the United States. Amounts included in the accompanying Schedule are actual expenditures for the year ended
December 31, 2023. The accompanying Schedule presents the activity of all federal award programs of Preventionfocus, Inc. (the Agency). 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 Agency’s operations, it is not intended to and does not present the financial position, changes
in net assets, or cash flows of the Agency.
2. BASIS OF ACCOUNTING
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 are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: 3. INDIRECT COSTS
The Agency does not allocate indirect costs to federal programs, and as such, does not apply the 10% de minimis rate permitted by the Uniform Guidance.