Notes to SEFA
Title: GENERAL INFORMATION
Accounting Policies: The accompanying schedule of expenditures of federal awards is presented using the accrual basis of accounting. The amounts may differ certain financial reports submitted to federal agencies due to those reports being submitted on either a cash or modified cash basis.
De Minimis Rate Used: N
Rate Explanation: The Organization has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
The accompanying schedule of expenditures of federal awards presents the activities in all the federal award programs of the Organization. All financial assistance received directly from federal agencies as well as financial assistance passed through other governmental agencies or non-profit organizations are included on the schedule.
Title: BASIS OF ACCOUNTING
Accounting Policies: The accompanying schedule of expenditures of federal awards is presented using the accrual basis of accounting. The amounts may differ certain financial reports submitted to federal agencies due to those reports being submitted on either a cash or modified cash basis.
De Minimis Rate Used: N
Rate Explanation: The Organization has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
The accompanying schedule of expenditures of federal awards is presented using the accrual basis of accounting. The amounts may differ certain financial reports submitted to federal agencies due to those reports being submitted on either a cash or modified cash basis.
Title: RELATIONSHIP TO BASIC FINANCIAL STATEMENTS
Accounting Policies: The accompanying schedule of expenditures of federal awards is presented using the accrual basis of accounting. The amounts may differ certain financial reports submitted to federal agencies due to those reports being submitted on either a cash or modified cash basis.
De Minimis Rate Used: N
Rate Explanation: The Organization has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
Federal awards expenditures are reported on the statement of activities as grants. In certain programs, the expenditures reported in the basic financial statements may differ from the expenditures reported on the schedule of federal awards due to program expenditures exceeding grant or contract budget limitations which are not included as federal awards.
Title: COST ALLOCATIONS
Accounting Policies: The accompanying schedule of expenditures of federal awards is presented using the accrual basis of accounting. The amounts may differ certain financial reports submitted to federal agencies due to those reports being submitted on either a cash or modified cash basis.
De Minimis Rate Used: N
Rate Explanation: The Organization has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
The Organization has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.