Notes to SEFA
Title: NOTE 1 - BASIS OF PRESENTATION
Accounting Policies: The accompanying schedule of expenditures of federal awards presents the federal grant expenditures of MDRC for the year ended December 31, 2023. The schedule was prepared using the accrual basis of accounting and is 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.
De Minimis Rate Used: N
Rate Explanation: MDRC did not elect to utilize the federal minimum indirect cost rate allowed under the Uniform Guidance.
The accompanying schedule of expenditures of federal awards presents the federal grant expenditures of MDRC for the year ended December 31, 2023. The schedule was prepared using the accrual basis of accounting and is 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.
Title: NOTE 2 - INDIRECT COSTS
Accounting Policies: The accompanying schedule of expenditures of federal awards presents the federal grant expenditures of MDRC for the year ended December 31, 2023. The schedule was prepared using the accrual basis of accounting and is 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.
De Minimis Rate Used: N
Rate Explanation: MDRC did not elect to utilize the federal minimum indirect cost rate allowed under the Uniform Guidance.
MDRC did not elect to utilize the federal minimum indirect cost rate allowed under the Uniform Guidance.