Notes to SEFA
Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Consortium for Hawaii Ecological Engineering Education dba Mālama ʻĀina Foundation 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 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 Consortium for Hawaii Ecological Engineering Education dba Mālama ʻĀina Foundation, it is not intended to and does not present the financial position, changes in
net assets, or cash flows of Consortium for Hawaii Ecological Engineering Education dba Mālama ʻĀina Foundation. The expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: Consortium for Hawaii Ecological Engineering Education dba Mālama ʻĀina Foundation has elected to use the 10% de minimus indirect cost rate allowed under the Uniform Guidance.