Notes to SEFA
Title: BASIS OF PRESENTATION
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Pass-through entity identifying numbers are presented where available.
De Minimis Rate Used: N
Rate Explanation: The Institute has submitted an indirect rate proposal. An indirect rate has been applied to the grants using the rate of 79.74 percent.
The accompanying schedule of expenditures of federal awards (the "Schedule") includes the federal
grant activity of the Institute. 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: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Pass-through entity identifying numbers are presented where available.
De Minimis Rate Used: N
Rate Explanation: The Institute has submitted an indirect rate proposal. An indirect rate has been applied to the grants using the rate of 79.74 percent.
Expenditures reported on the Schedule are reported on the accrual basis of accounting. Pass-through
entity identifying numbers are presented where available.
Title: SUBRECIPIENTS
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Pass-through entity identifying numbers are presented where available.
De Minimis Rate Used: N
Rate Explanation: The Institute has submitted an indirect rate proposal. An indirect rate has been applied to the grants using the rate of 79.74 percent.
Out of the federal expenditures presented in the Schedule, the Institute provided federal awards to subrecipients as follows:
Title: INDIRECT COST RATE
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Pass-through entity identifying numbers are presented where available.
De Minimis Rate Used: N
Rate Explanation: The Institute has submitted an indirect rate proposal. An indirect rate has been applied to the grants using the rate of 79.74 percent.
The Institute has submitted an indirect rate proposal. An indirect rate has been applied to the grants
using the rate of 79.74 percent.