Notes to SEFA
Title: Note A: BASIS OF PRESENTATION
Accounting Policies: Note B: SUMMARY OF SIGNIFICANT 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. Additionally, the rganization did not receive any noncash assistance, federal loans, or federally funded insurance during the year ended June 30, 2024.
De Minimis Rate Used: N
Rate Explanation: Note C: DE MINIMUS ELECTION The Organization elected not to use the 10-percent de minimus indirect cost rate allowed under Uniform Guidance
The accompanying schedule of expenditures of federal awards (the “Schedule”) includes the federal activity of the Organization under rograms 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.