Notes to SEFA
Title: NOTE 1 – BASIS OF PRESENTATION
Accounting Policies: The accompanying Schedule of Expenditures of Federal awards (the “Schedule”) includes the federal award
activity of Justice Innovation, Inc. (“the Center”) for the year ended June 30, 2024, and is presented on the
accrual basis.
De Minimis Rate Used: N
Rate Explanation: The Justice Innovation has a federal approved indirect cost rate and therefore does not use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.
The accompanying Schedule of Expenditures of Federal awards (the “Schedule”) includes the federal award
activity of Justice Innovation, Inc. (“the Center”) for the year ended June 30, 2024, and is presented on the
accrual basis. 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 Center, it is not intended to and does not present the financial position, changes
in net assets or cash flows of the Center.
Title: NOTE 2 – INDIRECT COST RATES
Accounting Policies: The accompanying Schedule of Expenditures of Federal awards (the “Schedule”) includes the federal award
activity of Justice Innovation, Inc. (“the Center”) for the year ended June 30, 2024, and is presented on the
accrual basis.
De Minimis Rate Used: N
Rate Explanation: The Justice Innovation has a federal approved indirect cost rate and therefore does not use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.
During the year ended June 30, 2024, the Center did not elect to use the 10% de minimis indirect cost rate.
The Center elected to use its negotiated indirect cost rate.