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 contained
in the Uniform Guidance, wherein certain types of
expenditures are not allowable or are limited as to
reimbursement.
De Minimis Rate Used: Y
Rate Explanation: The Program has elected to use the 10% de minimis
indirect cost rate as allowed under the Uniform
Guidance.
The schedule of expenditures of federal awards (the
“Schedule”) includes the federal award activity of the
Program for the year ended June 30, 2022. 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 Program, it is not intended to and
does not present the financial position, changes in net
assets, or cash flows of the Program.
Title: 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 the cost principles contained
in the Uniform Guidance, wherein certain types of
expenditures are not allowable or are limited as to
reimbursement.
De Minimis Rate Used: Y
Rate Explanation: The Program has elected to use the 10% de minimis
indirect cost rate as allowed under the Uniform
Guidance.
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.
Title: Indirect cost rate
Accounting Policies: 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.
De Minimis Rate Used: Y
Rate Explanation: The Program has elected to use the 10% de minimis
indirect cost rate as allowed under the Uniform
Guidance.
The Program has elected to use the 10% de minimis
indirect cost rate as allowed under the Uniform
Guidance.
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 contained
in the Uniform Guidance, wherein certain types of
expenditures are not allowable or are limited as to
reimbursement.
De Minimis Rate Used: Y
Rate Explanation: The Program has elected to use the 10% de minimis
indirect cost rate as allowed under the Uniform
Guidance.
The Program did not pass through any awards to
subrecipients.