Notes to SEFA
Title: Note 3 - Amounts Provided to Subrecipients
Accounting Policies: Expenditures reported on the Schedule are reported on the 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 limited as to reimbursement. Negative amounts shown on the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years. Pass-through entity identifying numbers are presented when available.
De Minimis Rate Used: N
Rate Explanation: The Organization has elected not to use the 10 percent de minimis indirect rate allowed under the Uniform Guidance.
No federal awards expenditures were provided to subrecipients during the year ended December 31, 2023.
Title: Note 4 - Relationship of Schedule of Federal Awards to the Financial Statements
Accounting Policies: Expenditures reported on the Schedule are reported on the 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 limited as to reimbursement. Negative amounts shown on the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years. Pass-through entity identifying numbers are presented when available.
De Minimis Rate Used: N
Rate Explanation: The Organization has elected not to use the 10 percent de minimis indirect rate allowed under the Uniform Guidance.
Consistent with management's policy, federal awards are recorded in government grant support along with other government grants from non-federal sources. As a result, the amount of total federal awards expended on this schedule does not agree to total government grant support on the Statement of Activities as presented in the Organization's audited financial statements as of and for the year ended December 31, 2023.