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. 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. Junior Achievement of Arizona, Inc. and Affiliate has elected not to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: Junior Achievement of Arizona, Inc. and Affiliate has elected not to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Junior Achievement of Arizona, Inc. and Affiliate 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 2 CFR 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 Junior Achievement of Arizona, Inc. and Affiliate, it is not intended to and does not present the financial position, changes in net assets, or cash flows of Junior Achievement of Arizona, Inc. and Affiliate.
Title: FEDERAL ASSISTANCE LISTING NUMBERS
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. 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. Junior Achievement of Arizona, Inc. and Affiliate has elected not to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: Junior Achievement of Arizona, Inc. and Affiliate has elected not to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.
The program titles and federal assistance listing numbers were obtained from the 2024 Catalog of Federal Domestic Assistance.
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. 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. Junior Achievement of Arizona, Inc. and Affiliate has elected not to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: Junior Achievement of Arizona, Inc. and Affiliate has elected not to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.
There were no subrecipient payments during the year ended June 30, 2024.