Notes to SEFA
Title: NOTE 1: BASIS OF ACCOUNTING
Accounting Policies: This schedule is prepared on the same basis of accounting as the Organization's financial statements. The Organization uses the accrual basis of accounting as described in Note 1 to the financial statements.
De Minimis Rate Used: N
Rate Explanation: The Organization does not apply an indirect cost rate to the Federal Awards.
This schedule is prepared on the same basis of accounting as the Organization's financial statements. The Organization uses the accrual basis of accounting as described in Note 1 to the financial statements.
Title: NOTE 2: PROGRAMS COSTS
Accounting Policies: This schedule is prepared on the same basis of accounting as the Organization's financial statements. The Organization uses the accrual basis of accounting as described in Note 1 to the financial statements.
De Minimis Rate Used: N
Rate Explanation: The Organization does not apply an indirect cost rate to the Federal Awards.
The amounts shown as current year expenditures represent only the federal grant portion of the program costs. Entire program costs, including the Organization's portion, are more than shown. Such expenditures are recognized following, as applicable, either the cost principles contained in Title 2 U.S. Code of Federal regulations Part 200, Uniform Guidance Requirements of Cost Principles and Audit Requirements for Federal Awards, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
Title: NOTE 3: INDIRECT COST RATE
Accounting Policies: This schedule is prepared on the same basis of accounting as the Organization's financial statements. The Organization uses the accrual basis of accounting as described in Note 1 to the financial statements.
De Minimis Rate Used: N
Rate Explanation: The Organization does not apply an indirect cost rate to the Federal Awards.
The Organization does not apply an indirect cost rate to the Federal Awards.