Notes to SEFA
Title: Basis of Presentation
Accounting Policies: Basis of Presentation and Summary of Significant Accounting Policies
De Minimis Rate Used: Y
Rate Explanation: The Organization has elected to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance, 2 CFR §200.414(f). The de minimis indirect cost rate was applied consistently to all applicable federal awards during the year ended June 30, 2024. No federally negotiated indirect cost rate was in effect during the reporting period.
The accompanying schedule of expenditures of federal awards ("the Schedule") includes the federal grant activity of 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: Basis of Presentation and Summary of Significant Accounting Policies
De Minimis Rate Used: Y
Rate Explanation: The Organization has elected to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance, 2 CFR §200.414(f). The de minimis indirect cost rate was applied consistently to all applicable federal awards during the year ended June 30, 2024. No federally negotiated indirect cost rate was in effect during the reporting period.
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 available or are limited as to reimbursement.
Title: Pass-through Entity Identifying Numbers
Accounting Policies: Basis of Presentation and Summary of Significant Accounting Policies
De Minimis Rate Used: Y
Rate Explanation: The Organization has elected to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance, 2 CFR §200.414(f). The de minimis indirect cost rate was applied consistently to all applicable federal awards during the year ended June 30, 2024. No federally negotiated indirect cost rate was in effect during the reporting period.
Pass-through entity identifying numbers are presented when available.