Notes to SEFA
Title: NOTE 1 - BASIS OF PRESENTATION
Accounting Policies: 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: The Organization elected not to use the 10 percent de minimis indirect rate as allowed under the Uniform
Guidance.
The accompanying schedule of expenditures of Federal awards (Schedule) includes the federal award
activity of the Organization under program of the federal government for the year ended June 30, 2024.
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 the Organization, it is not intended to and does not present the financial
position, changes in net assets, or cash flows of the Organization.
Title: NOTE 4 - ASSISTANCE LISTING
Accounting Policies: 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: The Organization elected not to use the 10 percent de minimis indirect rate as allowed under the Uniform
Guidance.
The Assistance Listing numbers included in this report were determined based on the program name,
review of grant or contract information, and the Office of Management and Budget’s Catalog of Federal
Domestic Assistance.
Title: NOTE 5 - PASS-THROUGH ENTITY’S IDENTIFYING NUMBER
Accounting Policies: 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: The Organization elected not to use the 10 percent de minimis indirect rate as allowed under the Uniform
Guidance.
When federal awards are received from a pass-through entity, the Schedule indicates, if assigned, the
identifying grant or contract number that has been assigned by the pass-through entity.