Notes to SEFA
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (the “Schedule”) includes expenditures of WGBH Educational Foundation (the "Foundation") for programs of the federal government for the year ended June 30, 2024 using the accrual basis of accounting. The information in this Schedule is presented in accordance with Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Since the Schedule presents only a selected portion of the activities of the Foundation, it is not intended to, and does not, present the financial position, changes in net assets or cash flows of the Foundation and may differ from amounts presented in, or used in the preparation of, the consolidated financial statements. All federal awards received directly from federal agencies as well as federal awards passed through other government agencies are included on the Schedule. Assistance listing numbers and pass-through numbers are provided when available.
De Minimis Rate Used: N
Rate Explanation: The Foundation applies its provisionally approved facilities and administration rate when charging indirect costs to federal awards rather than the 10% de minimis cost rate as described in Section 200.414 of the Uniform Guidance. The Foundation has recovered indirect costs under certain federally funded grants for the year ended June 30, 2024 under a provisional indirect cost rate of 25.01%, a provisional fringe benefit rate of 39.97% for eligible employees and a fringe benefit rate of 10.48% for non-eligible employees, and a provisional per square foot occupancy rate of $50.41 established by letter dated January 24, 2024 from the United States Department of the Interior.