Notes to SEFA
Title: Basis of Presentation
Accounting Policies: U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards
De Minimis Rate Used: Y
Rate Explanation: Indirect costs are allocated to programs based on applicable criteria relative to the Federal Program.
The accompanying schedule of expenditures of federal awards (the "Schedule") includes the federal award activity of Outreach - Center for Community Resources (the "Organization) under programs of the federal government for the year ended June 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 Organization, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the Organization.
Title: Summary of Significant Accounting Policies
Accounting Policies: U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards
De Minimis Rate Used: Y
Rate Explanation: Indirect costs are allocated to programs based on applicable criteria relative to the Federal Program.
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 Cost Rate
Accounting Policies: U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards
De Minimis Rate Used: Y
Rate Explanation: Indirect costs are allocated to programs based on applicable criteria relative to the Federal Program.
Unless an indirect cost rate is negotiated by or determined by the grant funding source, Outreach elects and utilizes the ten percent de minimis cost rate. Indirect cost rates are allocated to programs based on applicable criteria relative to the Federal program.