Title: Note A Business and Organization
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of Noblisand is presented on the accrual basis of accounting. The information in this schedule is presented inaccordance with requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, UniformAdministrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. Therefore,some amounts presented in this schedule may differ from amounts presented in, or used in the preparationof, the basic consolidated financial statements.Noblis generally operates under cost-type and time and material contracts with its federal sponsors andrecords costs as the effort is expended. Contract costs are recorded on the basis of direct costs, overheadand general and administrative expenses incurred. Indirect costs are allocated on the basis of direct laborcost incurred.
De Minimis Rate Used: N
Rate Explanation: The Company has elected not to use the 10% de minimis cost rate provided for in Subpart E,Section 200.414 of the Uniform Guidance.
Noblis, Inc. (Noblis) was incorporated on December 11, 1995 under the laws of the State of Delaware andcommenced business on January 29, 1996. Noblis is a nonprofit, nonstock company organized under theprovisions of Section 501(c)(3) of the Internal Revenue Code. Noblis performs research, development andengineering services of a scientific nature in the public interest principally to agencies of the U.S.government and state and local governments
Title: NOTE C - RESEARCH AND DEVELOPMENT PROGRAM CLUSTER
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of Noblisand is presented on the accrual basis of accounting. The information in this schedule is presented inaccordance with requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, UniformAdministrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. Therefore,some amounts presented in this schedule may differ from amounts presented in, or used in the preparationof, the basic consolidated financial statements.Noblis generally operates under cost-type and time and material contracts with its federal sponsors andrecords costs as the effort is expended. Contract costs are recorded on the basis of direct costs, overheadand general and administrative expenses incurred. Indirect costs are allocated on the basis of direct laborcost incurred.
De Minimis Rate Used: N
Rate Explanation: The Company has elected not to use the 10% de minimis cost rate provided for in Subpart E,Section 200.414 of the Uniform Guidance.
Noblis has determined all of its federal contracts constitute a research and development program cluster.Accordingly, the accompanying schedule of expenditures of federal awards reflects all of its federalcontracts as a research and development program cluster.
Title: NOTE D - GOVERNMENT FURNISHED EQUIPMENT
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of Noblisand is presented on the accrual basis of accounting. The information in this schedule is presented inaccordance with requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, UniformAdministrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. Therefore,some amounts presented in this schedule may differ from amounts presented in, or used in the preparationof, the basic consolidated financial statements.Noblis generally operates under cost-type and time and material contracts with its federal sponsors andrecords costs as the effort is expended. Contract costs are recorded on the basis of direct costs, overheadand general and administrative expenses incurred. Indirect costs are allocated on the basis of direct laborcost incurred.
De Minimis Rate Used: N
Rate Explanation: The Company has elected not to use the 10% de minimis cost rate provided for in Subpart E,Section 200.414 of the Uniform Guidance.
In addition to equipment acquired by Noblis, which is included in the accompanying consolidatedstatements of financial position, Noblis also uses certain government furnished equipment for which it isaccountable to the U.S. government.
Title: NOTE F - ASSISTANCE LISTING NUMBERS
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of Noblisand is presented on the accrual basis of accounting. The information in this schedule is presented inaccordance with requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, UniformAdministrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. Therefore,some amounts presented in this schedule may differ from amounts presented in, or used in the preparationof, the basic consolidated financial statements.Noblis generally operates under cost-type and time and material contracts with its federal sponsors andrecords costs as the effort is expended. Contract costs are recorded on the basis of direct costs, overheadand general and administrative expenses incurred. Indirect costs are allocated on the basis of direct laborcost incurred.
De Minimis Rate Used: N
Rate Explanation: The Company has elected not to use the 10% de minimis cost rate provided for in Subpart E,Section 200.414 of the Uniform Guidance.
Assistance listing numbers are not provided for each contract listed on the schedule of expenditures offederal awards. Therefore, the agreement numbers were used.