Notes to SEFA
Title: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the Federal award activity of Helen Keller International (“Helen Keller Intl”) 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 Helen Keller Intl, it is not intended to and does not present the financial position, changes in net assets, or cash flows of Helen Keller Intl.
De Minimis Rate Used: N
Rate Explanation: The auditee has a negotiated indirect cost rate
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 allowed or are limited as to reimbursement. Negative amounts shown on the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years.
Title: INDIRECT COST RATE
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the Federal award activity of Helen Keller International (“Helen Keller Intl”) 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 Helen Keller Intl, it is not intended to and does not present the financial position, changes in net assets, or cash flows of Helen Keller Intl.
De Minimis Rate Used: N
Rate Explanation: The auditee has a negotiated indirect cost rate
Helen Keller Intl has a negotiated indirect cost rate; as such, Helen Keller Intl did not elect to use the 10% de minimis indirect cost rate.