Notes to SEFA
Title: Basis of Presentation
Accounting Policies: The 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 expenditure are not allowed or are
limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The Center has elected not to use the 10‐percent de minimis indirect cost rate allowed
under the Uniform Guidance. Any program administration costs charged to government
contracts are based on the approved budget.
The accompanying schedule of expenditures of federal, state, and city awards (the Schedule) includes the federal, state, and city award activity of SeniorLAW Center under
programs of the federal, state, and local 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 SeniorLAW
Center, it is not intended to and does not present the financial position, changes in net
assets, or cash flows of SeniorLAW Center.
Title: Summary of Significant Accounting Policies
Accounting Policies: The 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 expenditure are not allowed or are
limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The Center has elected not to use the 10‐percent de minimis indirect cost rate allowed
under the Uniform Guidance. Any program administration costs charged to government
contracts are based on the approved budget.
The 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 expenditure are not allowed or are
limited as to reimbursement.
Title: Indirect Costs Rate
Accounting Policies: The 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 expenditure are not allowed or are
limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The Center has elected not to use the 10‐percent de minimis indirect cost rate allowed
under the Uniform Guidance. Any program administration costs charged to government
contracts are based on the approved budget.
The Center has elected not to use the 10‐percent de minimis indirect cost rate allowed
under the Uniform Guidance. Any program administration costs charged to government
contracts are based on the approved budget.
Title: Subgrants
Accounting Policies: The 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 expenditure are not allowed or are
limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The Center has elected not to use the 10‐percent de minimis indirect cost rate allowed
under the Uniform Guidance. Any program administration costs charged to government
contracts are based on the approved budget.
The Center did not pass‐through any federal, state, or city award funds under subgrants
during the year ended June 30, 2024.