Notes to SEFA
Title: BASIS OF PRESENTATION
Accounting Policies: The schedule is presented using the accrual basis of accounting, which is described in the note of Summary of Significant Accounting Policies to the Organization's basic financial statements. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The Organization has elected not to use the 10% de minimis cost rate as covered in the Uniform Guidance.
The accompanying Schedule of Expenditures of Federal Awards (the "Schedule") includes the federal
grant activity of the Organization. The information is presented in accordance with the requirements of
Title 2 U.S. Code of Federal Regulations Part 200, Uniform Guidance Requirements, Cost Principles,
and Audit Requirements for Federal Awards (Uniform Guidance). The amounts presented in the
schedule agree to the amounts presented in or used in the preparation of the basic financial
statements.
Title: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Accounting Policies: The schedule is presented using the accrual basis of accounting, which is described in the note of Summary of Significant Accounting Policies to the Organization's basic financial statements. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The Organization has elected not to use the 10% de minimis cost rate as covered in the Uniform Guidance.
The schedule is presented using the accrual basis of accounting, which is described in the note of
Summary of Significant Accounting Policies to the Organization's basic financial statements. Such
expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein
certain types of expenditures are not allowable or are limited to reimbursement.
Title: INDIRECT COST RATE
Accounting Policies: The schedule is presented using the accrual basis of accounting, which is described in the note of Summary of Significant Accounting Policies to the Organization's basic financial statements. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The Organization has elected not to use the 10% de minimis cost rate as covered in the Uniform Guidance.
The Organization has elected not to use the 10% de minimis cost rate as covered in the Uniform
Guidance.
Title: SUB-RECIPIENT
Accounting Policies: The schedule is presented using the accrual basis of accounting, which is described in the note of Summary of Significant Accounting Policies to the Organization's basic financial statements. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The Organization has elected not to use the 10% de minimis cost rate as covered in the Uniform Guidance.
There were no federal awards provided to subrecipients.