Notes to SEFA
Title: Note 1. Basis of Presentation
Accounting Policies: The amounts shown as current year expenses are reported on the accrual basis of accounting.
Such expenses are recognized following the cost principles contained in the Uniformed Guidance,
where certain types of expenses are not allowed or are limited as to reimbursement.
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate
The accompanying schedule of expenditures of federal awards includes the federal award activity of ACLED ANALYSIS INCORPORATED under programs of the federal government for the year ended June 30, 2024 and is presented on the accrual basis of accounting. 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 Requirement, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the schedule of expenditures of federal awards presents only a selected portion of the operations of ACLED ANALYSIS INCORPORATED it is not intended to and does not present the financial position, change in net assets or cash flows of ACLED ANALYSIS INCORPORATED.
Title: Note 2. Summary of Significant Accounting Policies
Accounting Policies: The amounts shown as current year expenses are reported on the accrual basis of accounting.
Such expenses are recognized following the cost principles contained in the Uniformed Guidance,
where certain types of expenses are not allowed or are limited as to reimbursement.
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate
The amounts shown as current year expenses are reported on the accrual basis of accounting. Such expenses are recognized following the cost principles contained in the Uniformed Guidance, where certain types of expenses are not allowed or are limited as to reimbursement.
Title: Note 3. Indirect Cost Rate
Accounting Policies: The amounts shown as current year expenses are reported on the accrual basis of accounting.
Such expenses are recognized following the cost principles contained in the Uniformed Guidance,
where certain types of expenses are not allowed or are limited as to reimbursement.
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate
ACLED ANALYSIS INCORPORATED has elected to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.