Title: General
Accounting Policies: THE ACCOMPANYING SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS (THE "SCHEDULE") PRESENTS THE FEDERAL FINANCIAL ASSISTANCE PROGRAMS OF THE NATIONAL CENTER FOR GENOME RESOURCES (NCGR). THE INFORMATION IN THIS SCHEDULE IS PRESENTED IN ACCORDANCE WITH TITLE 2 U.S. CODE OF FEDERAL REGULATIONS PART 200, UNIFORM ADMINISTRATIVE REQUIREMENTS, COST PRINCIPLES, AND AUDIT REQUIREMENTS FOR FEDERAL AWARDS (UNIFORM GUIDANCE). THEREFORE, SOME AMOUNTS PRESENTED IN THIS SCHEDULE MAY DIFFER FROM AMOUNTS PRESENTED IN, OR USED IN THE PREPARATION OF, THE FINANCIAL STATEMENTS. EXPENDITURES REPORTED IN THE SCHEDULE ARE REPORTED USING 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 AUDITEE DID NOT USE THE DE MINIMIS COST RATE AS IT HAS A NEGOTIATED INDIRECT COST RATE.
The accompanying schedule of expenditures of federal awards (the “Schedule”) presents the federal financial assistance programs of the National Center for Genome Resources (NCGR). The information in this Schedule is presented in accordance with Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some amounts presented in this Schedule may differ from amounts presented in, or used in the preparation of, the financial statements.
Title: Basis of Accounting
Accounting Policies: THE ACCOMPANYING SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS (THE "SCHEDULE") PRESENTS THE FEDERAL FINANCIAL ASSISTANCE PROGRAMS OF THE NATIONAL CENTER FOR GENOME RESOURCES (NCGR). THE INFORMATION IN THIS SCHEDULE IS PRESENTED IN ACCORDANCE WITH TITLE 2 U.S. CODE OF FEDERAL REGULATIONS PART 200, UNIFORM ADMINISTRATIVE REQUIREMENTS, COST PRINCIPLES, AND AUDIT REQUIREMENTS FOR FEDERAL AWARDS (UNIFORM GUIDANCE). THEREFORE, SOME AMOUNTS PRESENTED IN THIS SCHEDULE MAY DIFFER FROM AMOUNTS PRESENTED IN, OR USED IN THE PREPARATION OF, THE FINANCIAL STATEMENTS. EXPENDITURES REPORTED IN THE SCHEDULE ARE REPORTED USING 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 AUDITEE DID NOT USE THE DE MINIMIS COST RATE AS IT HAS A NEGOTIATED INDIRECT COST RATE.
Expenditures reported in the Schedule are reported using 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. NCGR has elected not to use the ten percent (10%) de minimis indirect cost rate allowed under the Uniform Guidance. Of the expenditures reported in the Schedule, there were $14,729 in federal expenditures
covered by program generated income for the year ended December 31, 2023
Title: Reconciliation to the Financial Statements
Accounting Policies: THE ACCOMPANYING SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS (THE "SCHEDULE") PRESENTS THE FEDERAL FINANCIAL ASSISTANCE PROGRAMS OF THE NATIONAL CENTER FOR GENOME RESOURCES (NCGR). THE INFORMATION IN THIS SCHEDULE IS PRESENTED IN ACCORDANCE WITH TITLE 2 U.S. CODE OF FEDERAL REGULATIONS PART 200, UNIFORM ADMINISTRATIVE REQUIREMENTS, COST PRINCIPLES, AND AUDIT REQUIREMENTS FOR FEDERAL AWARDS (UNIFORM GUIDANCE). THEREFORE, SOME AMOUNTS PRESENTED IN THIS SCHEDULE MAY DIFFER FROM AMOUNTS PRESENTED IN, OR USED IN THE PREPARATION OF, THE FINANCIAL STATEMENTS. EXPENDITURES REPORTED IN THE SCHEDULE ARE REPORTED USING 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 AUDITEE DID NOT USE THE DE MINIMIS COST RATE AS IT HAS A NEGOTIATED INDIRECT COST RATE.
The following is a reconciliation of the expenditures reported on the schedule of expenditures of federal awards to the expenses reported in the statement of activities: Total expenses reported in the schedule of expenditures
of federal awards $ 1,535,985
Total expenses funded through nonfederal sources 1,106,749
Total expenses reported on the statement of activities 2,642,734
Title: Federal Award Identification Numbers
Accounting Policies: THE ACCOMPANYING SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS (THE "SCHEDULE") PRESENTS THE FEDERAL FINANCIAL ASSISTANCE PROGRAMS OF THE NATIONAL CENTER FOR GENOME RESOURCES (NCGR). THE INFORMATION IN THIS SCHEDULE IS PRESENTED IN ACCORDANCE WITH TITLE 2 U.S. CODE OF FEDERAL REGULATIONS PART 200, UNIFORM ADMINISTRATIVE REQUIREMENTS, COST PRINCIPLES, AND AUDIT REQUIREMENTS FOR FEDERAL AWARDS (UNIFORM GUIDANCE). THEREFORE, SOME AMOUNTS PRESENTED IN THIS SCHEDULE MAY DIFFER FROM AMOUNTS PRESENTED IN, OR USED IN THE PREPARATION OF, THE FINANCIAL STATEMENTS. EXPENDITURES REPORTED IN THE SCHEDULE ARE REPORTED USING 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 AUDITEE DID NOT USE THE DE MINIMIS COST RATE AS IT HAS A NEGOTIATED INDIRECT COST RATE.
The federal granting agency is responsible for providing NCGR with the Assistance Listing Number for each grant or contract. In cases where the federal granting agency did not provide the Assistance Listing Number to NCGR, other available identifying numbers are presented on the schedule of expenditures of federal awards.