Notes to SEFA
Title: BASIS OF PRESENTATION
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting.
Such expenditures are recognized following the cost principles in Office of Management and
Budget Circular 21, Cost Principles for Institutions of Higher Education, or the cost principles
contained in Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative
Requirements, Cost Principles, and Audit Requirements for Federal Awards, wherein certain
types of expenditures may or may not be allowable or may be 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.
De Minimis Rate Used: N
Rate Explanation: The Foundation has elected not to use the 10 percent de minimis indirect cost rate as
allowed under the Uniform Guidance
The accompanying schedule of expenditures of federal awards (the Schedule) includes the
federal grant activity of California State University, East Bay Foundation, Inc. (the
“Foundation”), 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). Therefore,
some amounts presented in this Schedule may differ from amounts presented in, or used in
the preparation of, the consolidated financial statements.
Title: SUBRECIPIENTS
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting.
Such expenditures are recognized following the cost principles in Office of Management and
Budget Circular 21, Cost Principles for Institutions of Higher Education, or the cost principles
contained in Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative
Requirements, Cost Principles, and Audit Requirements for Federal Awards, wherein certain
types of expenditures may or may not be allowable or may be 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.
De Minimis Rate Used: N
Rate Explanation: The Foundation has elected not to use the 10 percent de minimis indirect cost rate as
allowed under the Uniform Guidance
The Foundation passes certain federal awards received to other governments or not-forprofit
agencies (subrecipients). The Foundation reports expenditures of Federal awards to
subrecipients on an accrual basis.
Title: NATIONAL SCIENCE FOUNDATION GRANTS
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting.
Such expenditures are recognized following the cost principles in Office of Management and
Budget Circular 21, Cost Principles for Institutions of Higher Education, or the cost principles
contained in Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative
Requirements, Cost Principles, and Audit Requirements for Federal Awards, wherein certain
types of expenditures may or may not be allowable or may be 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.
De Minimis Rate Used: N
Rate Explanation: The Foundation has elected not to use the 10 percent de minimis indirect cost rate as
allowed under the Uniform Guidance
According to the National Science Foundation's Proposal and Award Policies and
Procedures Guide (Guide) dated January 14, 2013, certain National Science Foundation
individual programs are included in the Research and Development Cluster and are
reported in the Schedule accordingly under the Research and Development Cluster. In
accordance with the transition statements published with the adoption of the Guide, awards
that existed prior to the Guide's issuance are reported on the Schedule based on the content
of the award until they expire.