Notes to SEFA
Title: Schedule of Expenditures of Federal Awards
Accounting Policies: Modified Accrual
De Minimis Rate Used: Y
Rate Explanation: The Organization has elected to use the 10-percent diminish indirect cost rate allowed under the Uniform Guidance.
The accompanying schedule of expenditures of federal awards includes the federal grant activity of the Organization and is presented under the modified accrual basis of accounting. The Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements of Federal Awards (Uniform Guidance) requires a disclosure of the financial activities of all federally funded programs. The Organization has elected to use the 10-percent diminish indirect cost rate allowed under the Uniform Guidance.