Notes to SEFA
Title: A. Basis of Presentation
Accounting Policies: The accompanying schedule of expenditures of federal awards (the “Schedule”) includes the federal award activity of
the Center under programs of the federal government for the year ended June 30, 2024. The information in this
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 the Center, it is not intended to and does not present
the financial position, changes in net position, or cash flows of the Center.
De Minimis Rate Used: N
Rate Explanation: The Center has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
The Center has an negotiated indirect cost rate agreement that has been approved by the U.S. Department of Labor.
The accompanying schedule of expenditures of federal awards (the “Schedule”) includes the federal award activity of
the Center under programs of the federal government for the year ended June 30, 2024. The information in this
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 the Center, it is not intended to and does not present
the financial position, changes in net position, or cash flows of the Center.
Title: B. Summary of Significant Accounting Policies
Accounting Policies: The accompanying schedule of expenditures of federal awards (the “Schedule”) includes the federal award activity of
the Center under programs of the federal government for the year ended June 30, 2024. The information in this
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 the Center, it is not intended to and does not present
the financial position, changes in net position, or cash flows of the Center.
De Minimis Rate Used: N
Rate Explanation: The Center has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
The Center has an negotiated indirect cost rate agreement that has been approved by the U.S. Department of Labor.
Expenditures reported on the Schedule are reported on 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. 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.
Title: C. Indirect Cost Rate
Accounting Policies: The accompanying schedule of expenditures of federal awards (the “Schedule”) includes the federal award activity of
the Center under programs of the federal government for the year ended June 30, 2024. The information in this
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 the Center, it is not intended to and does not present
the financial position, changes in net position, or cash flows of the Center.
De Minimis Rate Used: N
Rate Explanation: The Center has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
The Center has an negotiated indirect cost rate agreement that has been approved by the U.S. Department of Labor.
The Center has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
The Center has an negotiated indirect cost rate agreement that has been approved by the U.S. Department of Labor.