Notes to SEFA
Title: Subrecipients
Accounting Policies: The accompanying schedules of expenditures of federal and state awards (Schedules) include the federal and the State of Georgia award activity of AWS Foundation, Inc. and Affiliates under programs of the federal and the State of Georgia governments for the year ended June 30, 2024. The information in these Schedules 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) and Title 50, Chapter 20, of the Official Code of Georgia Annotated. Because these Schedules present only a selected portion of the operations of AWS Foundation, Inc. and Affiliates, it is not intended to and does not present the consolidated financial position, changes in net assets, or cash flows of AWS Foundation, Inc. and Affiliates. 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: N
Rate Explanation: AWS Foundation, Inc. and Affiliates has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
No federal or state awards were provided to subrecipients during the year ended June 30, 2024.
Title: Federal Loan Programs
Accounting Policies: The accompanying schedules of expenditures of federal and state awards (Schedules) include the federal and the State of Georgia award activity of AWS Foundation, Inc. and Affiliates under programs of the federal and the State of Georgia governments for the year ended June 30, 2024. The information in these Schedules 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) and Title 50, Chapter 20, of the Official Code of Georgia Annotated. Because these Schedules present only a selected portion of the operations of AWS Foundation, Inc. and Affiliates, it is not intended to and does not present the consolidated financial position, changes in net assets, or cash flows of AWS Foundation, Inc. and Affiliates. 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: N
Rate Explanation: AWS Foundation, Inc. and Affiliates has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
AWS Foundation, Inc. and Affiliates does not administer any federal loan programs.