Notes to SEFA
Title: Basis of Presentation
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following 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: Y
Rate Explanation: GII elected to use the 10% de minimis indirect cost rate, which is allowed in accordance with the Uniform Guidance.
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal grant activity of Goodwill Industries International, Inc. (GII) for the year ended December 31, 2022. 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 GII, it is not intended to, and does not, present the financial position, changes in net assets or cash flows of GII.
Title: Contract Numbers
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following 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: Y
Rate Explanation: GII elected to use the 10% de minimis indirect cost rate, which is allowed in accordance with the Uniform Guidance.
Federal expenditures from federal agencies were included in awards under the following contracts for the year ended December 31, 2022: SEE NOTES TO SEFA/CHART FOR CHART/TABLE.