Title: NOTE 1 BASIS OF PRESENTATION
Accounting Policies: The accompanying schedule of expenditures of federal awards (the “Schedule”) includes the federal grant activity of The Computing Research Association, Inc. (“CRA”) under programs of the federal government for the year ended June 30, 2023. 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 CRA, it is not intended to, and does not, present the financial position, changes in net assets, or cash flows of CRA.
De Minimis Rate Used: N
Rate Explanation: CRA did not elect to use the 10% de minimis rate to determine indirect costs.
The accompanying schedule of expenditures of federal awards (the “Schedule”) includes the federal grant activity of The Computing Research Association, Inc. (“CRA”) under programs of the federal government for the year ended June 30, 2023. 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 CRA, it is not intended to, and does not, present the financial position, changes in net assets, or cash flows of CRA.
Title: NOTE 2 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Accounting Policies: The accompanying schedule of expenditures of federal awards (the “Schedule”) includes the federal grant activity of The Computing Research Association, Inc. (“CRA”) under programs of the federal government for the year ended June 30, 2023. 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 CRA, it is not intended to, and does not, present the financial position, changes in net assets, or cash flows of CRA.
De Minimis Rate Used: N
Rate Explanation: CRA did not elect to use the 10% de minimis rate to determine indirect costs.
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. Uniform Guidance requires that the Schedule reflect
total expenditures for each federal financial assistance program as identified by the federal assistance listing number.
Title: NOTE 3 INDIRECT COST RATE
Accounting Policies: The accompanying schedule of expenditures of federal awards (the “Schedule”) includes the federal grant activity of The Computing Research Association, Inc. (“CRA”) under programs of the federal government for the year ended June 30, 2023. 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 CRA, it is not intended to, and does not, present the financial position, changes in net assets, or cash flows of CRA.
De Minimis Rate Used: N
Rate Explanation: CRA did not elect to use the 10% de minimis rate to determine indirect costs.
CRA did not elect to use the 10% de minimis rate to determine indirect costs.
Title: NOTE 4 RETURNED FUNDS
Accounting Policies: The accompanying schedule of expenditures of federal awards (the “Schedule”) includes the federal grant activity of The Computing Research Association, Inc. (“CRA”) under programs of the federal government for the year ended June 30, 2023. 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 CRA, it is not intended to, and does not, present the financial position, changes in net assets, or cash flows of CRA.
De Minimis Rate Used: N
Rate Explanation: CRA did not elect to use the 10% de minimis rate to determine indirect costs.
During the year, CRA returend funds to the National Science Foundation for expenditures that were refunded by its sub awardee and expenditures that CRA noted exceeded the allowable limit.