Notes to SEFA
Title: Note 1: Basis of Presentation
Accounting Policies: Cash
De Minimis Rate Used: N
Rate Explanation: The auditee elected not to use 10% de minimis cost rate.
The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of the Freedom House, Inc and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of the Office of Management and Budget Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements.
Title: Note 2: Indirect Facilities & Administration Costs
Accounting Policies: Cash
De Minimis Rate Used: N
Rate Explanation: The auditee elected not to use 10% de minimis cost rate.
Auditee elected to use 10% de minimis cost rate.
Title: Note 3: Subrecipients
Accounting Policies: Cash
De Minimis Rate Used: N
Rate Explanation: The auditee elected not to use 10% de minimis cost rate.
Of the federal expenditures presented in the Schedule, Freedom House, Inc provided $0 federal awards to subrecipients.
Title: Note 4: Non-Cash Assistance
Accounting Policies: Cash
De Minimis Rate Used: N
Rate Explanation: The auditee elected not to use 10% de minimis cost rate.
The folling amounts were expended in the form of non-cash assistance by Freedom House Inc and should be included in the Schedule of Federal Awards: Other Non Cash Assistance - $0
Title: Note 5: Other Information
Accounting Policies: Cash
De Minimis Rate Used: N
Rate Explanation: The auditee elected not to use 10% de minimis cost rate.
No Insurance coverage in effect paid with federal funds during this fiscal year.