Notes to SEFA
Title: NOTE 1 – Basis of Presentation
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting.
Such expenditures are recognized following, as applicable, either the cost principles
contained in Uniform Guidance wherein certain types of expenditures are not allowable or
are limited as to reimbursement. Pass-through entity identifying numbers are presented
where available.
De Minimis Rate Used: N
Rate Explanation: Women's Resource Center, Inc. has elected not to use the 10% de minimis cost rate as
allowed under Uniform Guidance.
The accompanying schedule of expenditures of federal awards (the Schedule) includes the
federal award activity of Women's Resource Center, Inc. under programs of the federal
government for the year ended June 30, 2023. The information in the Schedule is presented
in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200,
Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal
Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the
operations of Women's Resource Center, Inc. it is not intended to and does not present
the financial position, changes in net assets, or cash flows of Women's Resource Center,
Inc.
Title: NOTE 2 – Summary of Significant Accounting Policies
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting.
Such expenditures are recognized following, as applicable, either the cost principles
contained in Uniform Guidance wherein certain types of expenditures are not allowable or
are limited as to reimbursement. Pass-through entity identifying numbers are presented
where available.
De Minimis Rate Used: N
Rate Explanation: Women's Resource Center, Inc. has elected not to use the 10% de minimis cost rate as
allowed under Uniform Guidance.
Expenditures reported on the Schedule are reported on the accrual basis of accounting.
Such expenditures are recognized following, as applicable, either the cost principles
contained in Uniform Guidance wherein certain types of expenditures are not allowable or
are limited as to reimbursement. Pass-through entity identifying numbers are presented
where available.
Title: NOTE 3 – Indirect Cost Rate
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting.
Such expenditures are recognized following, as applicable, either the cost principles
contained in Uniform Guidance wherein certain types of expenditures are not allowable or
are limited as to reimbursement. Pass-through entity identifying numbers are presented
where available.
De Minimis Rate Used: N
Rate Explanation: Women's Resource Center, Inc. has elected not to use the 10% de minimis cost rate as
allowed under Uniform Guidance.
Women's Resource Center, Inc. has elected not to use the 10% de minimis cost rate as
allowed under Uniform Guidance.