Notes to SEFA
Title: Note 2 Subrecipients
Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) for the year ended June 30, 2022 presents the federal awards activity of Lincoln Center for the Performing Arts, Inc. and related entity (the Organization) and is presented on the accrual basis. The information in this schedule is presented inaccordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, UniformAdministration Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some amounts presented in this schedule may differ from amounts presented in, orused in the preparation of, the Organizations consolidated financial statements.The Organization has elected not to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance. Indirect costs are allocated to the grant within the Schedule in accordance with contractual provisions the grant, if applicable.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The Organization did not pass through any federal awards to subrecipients during the year ended June 30,2022.