Notes to SEFA
Title: Note 3: Basis of Presentation
Accounting Policies: Expenditures reported on the schedule of expenditures of federal awards (the schedule) are reported on the cash
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: Y
Rate Explanation: AGH has elected to use the 10% de minimis indirect cost rate allowed under Section 200.414 of the Uniform
Guidance.
The accompanying schedule includes the federal award activity of the Infrastructure Investment and Jobs Act
Firewood Bank Program, 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 (CFR) 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 AGH, it is not intended to and does not present the
financial position and changes in net assets of AGH.