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 are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The Aquaya Institute uses a provisional indirect cost rate approved by the federal agency.
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of The Aquaya Institute 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 2 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 The Aquaya Institute, it is not intended to, and does not, present the financial position, change in net assets, or cash flows of The Aquaya Institute.
Title: Summary of Significant Accounting Polices
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 are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The Aquaya Institute uses a provisional indirect cost rate approved by the federal agency.
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.
Title: Indirect Cost Rate
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 are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The Aquaya Institute uses a provisional indirect cost rate approved by the federal agency.
The Aquaya Institute uses a provisional indirect cost rate approved by the federal agency. Therefore, The Aquaya Institute elected not to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.