Notes to SEFA
Title: Basis of Presentation
Accounting Policies: Expenditures reported on the SEFA 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. Therefore, some amounts presented in the SEFA may differ from amounts presented in the basic financial statements, which have been presented in accordance with accounting principles generally accepted in the United States of America.The Association does not provide any awards to sub recipients. Therefore, the schedule of expenditures of federal awards has no separate column for amounts awarded to sub recipients.
De Minimis Rate Used: N
Rate Explanation: The Association has elected not to use the 10% de minimus rate as allowed by the Uniform Guidance.
The accompanying schedule of expenditures of federal awards (SEFA) includes the federal award activity of American Public Health Association (the Association). The information in the SEFA 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 Association, it is not intended to, and does not present, the financial position, changes in net assets, or cash flows of the Association.
Title: Indirect Cost Rates
Accounting Policies: Expenditures reported on the SEFA 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. Therefore, some amounts presented in the SEFA may differ from amounts presented in the basic financial statements, which have been presented in accordance with accounting principles generally accepted in the United States of America.The Association does not provide any awards to sub recipients. Therefore, the schedule of expenditures of federal awards has no separate column for amounts awarded to sub recipients.
De Minimis Rate Used: N
Rate Explanation: The Association has elected not to use the 10% de minimus rate as allowed by the Uniform Guidance.
As provided by the U.S. Department of Health and Human Services (HHS), the Association allocated indirect costs using a rate equal to its approved provisional rate of 36.5% during the year ended June 30, 2023. During April 2021, HHS approved 36.5% as the final indirect cost rate related to the year ended June 30, 2020. The Association expects that HHS will approve the Association's indirect cost rate and provide a final rate for 2021, 2022, and 2023 during the year ending June 30, 2024. Any variance between the provisional indirect cost rate and the final rate approved by HHS on an annual basis may be adjusted by HHS in subsequent periods.