Notes to SEFA
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting, which is described in the notes to the financial statements of the Organization as of and for the year ended June 30, 2024. In the Schedule, where expenditures exceed the federal award amount, the difference is funded with state, local, or other non-federal funds. Pass-through entity identifying numbers are presented where available.
The Organization elected to use the 10% de minimis indirect cost rate for the year ended June 30, 2024.
The Organization did not receive federal insurance, loans, or noncash assistance during the year ended June 30, 2024 that are required to be reflected on the Schedule of Expenditures of Federal Awards.
De Minimis Rate Used: Y
Rate Explanation: The Organization elected to use the 10% de minimis indirect cost rate for the year ended June 30, 2024.