Notes to SEFA
Title: PURPOSE OF SCHEDULE
Accounting Policies: 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 allowable or are limited as to reimbursement.
De Minimis Rate Used: Y
Rate Explanation: The Organization has elected to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.
Schedule of Expenditures of Federal Awards
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal awards activity of the Organization under programs of the federal government for the year ended June 30, 2024. The information in this Schedule is presented on the accrual basis in accordance with the requirements of the 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 operations of the Organization, it is not intended and does not present the financial position, activities, or cash flows of the Organization.