Notes to SEFA
Title: Basis of presentation
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the federal award activity of Critical Path Institute (C-Path) 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 C-Path, it is not intended to and does not present the financial position, changes in net assets or cash flows of C-Path. 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. C-Path has elected not to use the ten percent de minimis indirect cost rate as allowed under the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: The auditee used the provisional indirect cost rate per the nonprofit rate agreement between the organization and the Department of Health and Human Resources dated August 31, 2023.
The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the federal award activity of Critical Path Institute (C-Path) 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 C-Path, it is not intended to and does not present the financial position, changes in net assets or cash flows of C-Path.
Title: Summary of significant accounting policies
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the federal award activity of Critical Path Institute (C-Path) 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 C-Path, it is not intended to and does not present the financial position, changes in net assets or cash flows of C-Path. 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. C-Path has elected not to use the ten percent de minimis indirect cost rate as allowed under the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: The auditee used the provisional indirect cost rate per the nonprofit rate agreement between the organization and the Department of Health and Human Resources dated August 31, 2023.
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. C-Path has elected not to use the ten percent de minimis indirect cost rate as allowed under the Uniform Guidance.
Title: Federal assistance listing numbers (ALN)
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the federal award activity of Critical Path Institute (C-Path) 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 C-Path, it is not intended to and does not present the financial position, changes in net assets or cash flows of C-Path. 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. C-Path has elected not to use the ten percent de minimis indirect cost rate as allowed under the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: The auditee used the provisional indirect cost rate per the nonprofit rate agreement between the organization and the Department of Health and Human Resources dated August 31, 2023.
The program titles and ALN or federal identification numbers were obtained from the federal or pass-through grantor or the update to the Catalog of Federal Domestic Assistance.