Notes to SEFA
Accounting Policies: The accompanying schedule of expenditures of federal awards (the schedule) includes the federal grant activity of Indy Public Safety Foundation under the U.S. Department of Treasury COVID-19 Coronavirus State and Local Fiscal Recovery Funding (SLFRF) program of the federal government for the year ended December 31, 2022. The information in the schedule is presented in accordance with the requirements of the Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Expenditures and lost revenues in 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.
De Minimis Rate Used: N
Rate Explanation: Indy Public Safety Foundation has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.