Notes to SEFA
Title: Note 1 - Basis of Presentation
Accounting Policies: The accompanying schedule of direct and indirect costs and computation of indirect cost rate is prepared by the Foundation using guidelines presented in Title 2 U.S. Code of Federal Regulations Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards Subpart E, 2 CFR 200, Section 200.414.
De Minimis Rate Used: N
Rate Explanation: Total adjusted direct and indirect costs are net of certain exclusions, including the value of donated books shipped to Asia, unburdenable expenses and certain other unallocable costs.
The accompanying schedule of direct and indirect costs and computation of indirect cost rate is prepared by the Foundation using guidelines presented in Title 2 U.S. Code of Federal Regulations Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards Subpart E, 2 CFR 200, Section 200.414.
Title: Note 2 - Basis of Accounting
Accounting Policies: The accompanying schedule of direct and indirect costs and computation of indirect cost rate is prepared by the Foundation using guidelines presented in Title 2 U.S. Code of Federal Regulations Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards Subpart E, 2 CFR 200, Section 200.414.
De Minimis Rate Used: N
Rate Explanation: Total adjusted direct and indirect costs are net of certain exclusions, including the value of donated books shipped to Asia, unburdenable expenses and certain other unallocable costs.
The accompanying schedule of direct and indirect costs and computation of indirect cost rate is prepared using the accrual basis of accounting.
Title: Note 3 - Total Adjusted Direct and Indirect Costs
Accounting Policies: The accompanying schedule of direct and indirect costs and computation of indirect cost rate is prepared by the Foundation using guidelines presented in Title 2 U.S. Code of Federal Regulations Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards Subpart E, 2 CFR 200, Section 200.414.
De Minimis Rate Used: N
Rate Explanation: Total adjusted direct and indirect costs are net of certain exclusions, including the value of donated books shipped to Asia, unburdenable expenses and certain other unallocable costs.
Total adjusted direct and indirect costs are net of certain exclusions, including the value of donated books shipped to Asia, unburdenable expenses and certain other unallocable costs.