Notes to SEFA
Title: NOTE A - BASIS OF PRESENTATION
Accounting Policies: The accompanying schedules of expenditures of federal awards include the federal award activity of the Alzheimer’s Association and affiliates for the year ended June 30, 2024 and are presented on the accrual basis of accounting. The information in these schedules is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some amounts presented in these schedules may differ from amounts presented in or used in the preparation of the basic consolidated financial statements.
De Minimis Rate Used: N
Rate Explanation: The Alzheimer’s Association’s federally negotiated indirect cost rate was changed to 30.0% for all new contracts beginning on or after April 1, 2024. The Association had been using its previously federally negotiated indirect cost rate of 26.0% since October 1, 2021.
The accompanying schedules of expenditures of federal and Florida state awards include the federal and Florida state award activity of the Alzheimer’s Association and affiliates for the year ended June 30, 2024 and are presented on the accrual basis of accounting. The information in these schedules is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance), Section 215.97, Florida Statutes, and Chapter 10.650, Rules of the Auditor General. Therefore, some amounts presented in these schedules may differ from amounts presented in or used in the preparation of the basic consolidated financial statements.
Title: NOTE B - INDIRECT COST RATE
Accounting Policies: The accompanying schedules of expenditures of federal awards include the federal award activity of the Alzheimer’s Association and affiliates for the year ended June 30, 2024 and are presented on the accrual basis of accounting. The information in these schedules is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some amounts presented in these schedules may differ from amounts presented in or used in the preparation of the basic consolidated financial statements.
De Minimis Rate Used: N
Rate Explanation: The Alzheimer’s Association’s federally negotiated indirect cost rate was changed to 30.0% for all new contracts beginning on or after April 1, 2024. The Association had been using its previously federally negotiated indirect cost rate of 26.0% since October 1, 2021.
The Alzheimer’s Association’s federally negotiated indirect cost rate was changed to 30.0% for all new contracts beginning on or after April 1, 2024. The Association had been using its previously federally negotiated indirect cost rate of 26.0% since October 1, 2021.