Notes to SEFA
Title: Note 1: Basis of Presentation
Accounting Policies: Expenditures reported on this 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: Y
Rate Explanation: During the year ended June 30, 2024, the Organization has elected to implement the 10% de minimis indirect cost rate.
The accompanying schedule of expenditures of federal awards includes state and local activity as well as the federal
grant activity of the Organization under programs of the federal government for the year ended June 30, 2024. The
information in this schedule is presented in accordance with the requirements of 2 CFR Part 200, Uniform Administrative
Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the schedule
presents only a selected portion of 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 2: Summary of Significant Accounting Policies for Expenditures
Accounting Policies: Expenditures reported on this 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: Y
Rate Explanation: During the year ended June 30, 2024, the Organization has elected to implement the 10% de minimis indirect cost rate.
Expenditures reported on this 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.
Title: Note 3: Pass-through Entity Identifying Numbers
Accounting Policies: Expenditures reported on this 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: Y
Rate Explanation: During the year ended June 30, 2024, the Organization has elected to implement the 10% de minimis indirect cost rate.
Pass-through entity identifying numbers are presented where available.
Title: Note 4: Subrecipients
Accounting Policies: Expenditures reported on this 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: Y
Rate Explanation: During the year ended June 30, 2024, the Organization has elected to implement the 10% de minimis indirect cost rate.
Federal expenditures provided to subrecipients are presented separately in the Schedule of Expenditures of Federal
Awards.
Title: Note 5: Indirect Cost
Accounting Policies: Expenditures reported on this 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: Y
Rate Explanation: During the year ended June 30, 2024, the Organization has elected to implement the 10% de minimis indirect cost rate.
During the year ended June 30, 2024, the Organization has elected to implement the 10% de minimis indirect cost rate.