Notes to SEFA
Title: Basis of Presentation and Significant Policies
Accounting Policies: Accrual Basis
De Minimis Rate Used: N
Rate Explanation: Not Used
The accompanying Schedule of Federal Awards includes the federal grant activity of AshaKiran, Inc. (AshaKiran) under programs of the federal government for the year ended December 31, 2023. The information in this Schedule is presented in accordance with the requirements of Title 2 US 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 AshKiran, it is not intended to and does not presnt the financial position, changes in net assets, or cash flows of AshaKiran. Expenditures presented in the Schedule are reported on the accrual basis of accounting. Such expendidtures are recognized following the cost principles contained in the Uniform Guidance, where certain types of expenditures are not allowable, or are limited as to reimbursement. AshaKiran has elected to forego the 10% diminimus indirect cost rate, as allowed iunder the Uniform Guidance.