Notes to SEFA
Title: Basis of Presentation
Accounting Policies: Expenditures reported on the SEFA 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 did not elect to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.
The accompanying Schedule of Expenditures of Federal Awards (“SEFA”) includes the federal
award activity of Goodwill Industries of the Redwood Empire (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 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 SEFA 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: Federal Assistance Listing Numbers
Accounting Policies: Expenditures reported on the SEFA 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 did not elect to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.
The Federal Assistance Listing Numbers included in the accompanying SEFA were determined
based on the program name, review of grant contract information and the Office of Management
and Budget's Catalog of Federal Domestic Assistance.
Title: Subrecipients
Accounting Policies: Expenditures reported on the SEFA 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 did not elect to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.
The Organization did not provide any federal awards to subrecipients during the year ended June 30, 2024.