Notes to SEFA
Title: NOTE 1: BASISOF ACCOUNTING
Accounting Policies: This schedule is prepared on the same basis of accountning as the Organization's financial statements. The Organization uses the accrual basis of accountning as decribed in Note 1 to the financial statements.
De Minimis Rate Used: Y
Rate Explanation: The Organization has elected to use the 10 percent de minimus indirect cost rate allowed under the Uniform Guidance.
This schedule is prepared on the same basis of accountning as the Organization's financial statements. The Organization uses the accrual basis of accountning as decribed in Note 1 to the financial statements.
Title: NOTE 2: PROGRAM COSTS
Accounting Policies: This schedule is prepared on the same basis of accountning as the Organization's financial statements. The Organization uses the accrual basis of accountning as decribed in Note 1 to the financial statements.
De Minimis Rate Used: Y
Rate Explanation: The Organization has elected to use the 10 percent de minimus indirect cost rate allowed under the Uniform Guidance.
The amounts shown as current year expenditures represent only the federal grant portion of the program costs. Entire program costs, including the Organization's portion, aremore than shown. Such expenditures are recognized following, as applicable, either the cost principles contained in Title 2 U.S. Code of Federal regulations Part 200, Uniform Guidance Requirements of Cost Principles and Audit Requirements for Federal Awards, wherein certain types of expenditures are not allowed or are limited as to reimbursement.
Title: NOTE 3: INDIRECT COST RATE
Accounting Policies: This schedule is prepared on the same basis of accountning as the Organization's financial statements. The Organization uses the accrual basis of accountning as decribed in Note 1 to the financial statements.
De Minimis Rate Used: Y
Rate Explanation: The Organization has elected to use the 10 percent de minimus indirect cost rate allowed under the Uniform Guidance.
The Organization has elected to use the 10 percent de minimus indirect cost rate allowed under the Uniform Guidance.