Notes to SEFA
Title: NOTE 1 - BASIS OF PRESENTATION
Accounting Policies: See attached notes
De Minimis Rate Used: N
Rate Explanation: N/A
The Schedule of Expenditures of Federal and State Awards includes the federal grant activity of
Sourcewise 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). The amounts reported in the accompanying Schedule of Expenditures of Federal and
State Awards agree, in all material respects, to amounts reported within Sourcewise’s combined
financial statements.
Title: NOTE 2 - PASS-THROUGH ENTITIE’S IDENTIFYING NUMBER
Accounting Policies: See attached notes
De Minimis Rate Used: N
Rate Explanation: N/A
When federal awards were received from a pass-through entity, the Schedule of Expenditures of
Federal and State Awards shows, if available, the identifying number assigned by the pass-through
entity. When no identifying number is shown, Sourcewise determined that no identifying number
is assigned for the program or Sourcewise was unable to obtain an identifying number from the
pass-through entity.
Title: NOTE 3 - FEDERAL ASSISTANCE LISTING NUMBERS
Accounting Policies: See attached notes
De Minimis Rate Used: N
Rate Explanation: N/A
The Federal assistance listing number included in the accompanying Schedule of Expenditures of
Federal and State Awards was determined based on the program name, review of the award
contract, and the Office of Management and Budget’s Federal assistance listing numbers.
Title: NOTE 4 - INDIRECT COSTS
Accounting Policies: See attached notes
De Minimis Rate Used: N
Rate Explanation: N/A
Sourcewise elected not to use the 10% de minimis cost rate as covered in the Uniform Guidance
Part 200.414 Indirect (F&A) Costs.