Notes to SEFA
Title: General Information
Accounting Policies: The accompanying Schedule is presented using the accrual basis of accounting, which is the same basis of accounting used for the financial statements.
De Minimis Rate Used: N
Rate Explanation: The Organization has elected not to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.
The accompanying schedule of expenditures of federal, state and city awards (the Schedule) presents the activities in all the federal awards programs of the Organization. All federal awards received directly from federal agencies, as well as awards passed through other governmental agencies or nonprofit organizations, are included on the Schedule. The information in this Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance).
Title: Relationship to Basic Financial Statements
Accounting Policies: The accompanying Schedule is presented using the accrual basis of accounting, which is the same basis of accounting used for the financial statements.
De Minimis Rate Used: N
Rate Explanation: The Organization has elected not to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.
Federal awards expenditures are included in the statement of functional expenses. For certain programs, the expenses reported in the financial statements may differ from the expenses reported in the Schedule due to program expenses exceeding grant or contract budget limitations, which are not included as federal awards.