Notes to SEFA
Title: Basis of Presentation
Accounting Policies: Expenditures reported on the schedule of expenditures of federal awards are reported an accural basis of accounting. Such expenditures are recognized following the cost principles contained in the UniformGuidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: Y
Rate Explanation: The Coalition elected to use the 10% de minimis indirect cost rate as allowable under OMB’s Uniform Guidance. As such, the federal expenditures presented on the Schedule include indirect costs recovered at the 10% de minimis rate for the year ended September 30, 2024.
The accompanying schedule of expenditures of federal awards (“the Schedule”) includes the federal grant activity of the Coalition under programs of the federal government for the year ended September 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 Coalition, it is not intended to, and does not, present the financial position, changes in net assets, or cash flows of the Coalition.
Title: Summary of Significant Accounting Principles
Accounting Policies: Expenditures reported on the schedule of expenditures of federal awards are reported an accural basis of accounting. Such expenditures are recognized following the cost principles contained in the UniformGuidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: Y
Rate Explanation: The Coalition elected to use the 10% de minimis indirect cost rate as allowable under OMB’s Uniform Guidance. As such, the federal expenditures presented on the Schedule include indirect costs recovered at the 10% de minimis rate for the year ended September 30, 2024.
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.
Title: Indirect Costs
Accounting Policies: Expenditures reported on the schedule of expenditures of federal awards are reported an accural basis of accounting. Such expenditures are recognized following the cost principles contained in the UniformGuidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: Y
Rate Explanation: The Coalition elected to use the 10% de minimis indirect cost rate as allowable under OMB’s Uniform Guidance. As such, the federal expenditures presented on the Schedule include indirect costs recovered at the 10% de minimis rate for the year ended September 30, 2024.
The Coalition elected to use the 10% de minimis indirect cost rate as allowable under OMB’s Uniform Guidance. As such, the federal expenditures presented on the Schedule include indirect costs recovered at the 10% de minimis rate for the year ended September 30, 2024.