Notes to SEFA
Title: Note A
Accounting Policies: The SEFA is presented using the accrual basis of accounting which is described in the notes to the Organization’s financial statements. Such expenditures are recognized following the cost principles contained in Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The Organization has not elected to use the 10-percent de minimis indirect cost rate allowed in Section 200.414 of the Uniform Guidance. The amount expended includes $47,085 claimed as an indirect cost recovery.
The accompanying Schedule of Expenditures of Federal Awards (“SEFA”) includes the federal grant activity of the Project: PeaceMakers, Inc. (the “Organization”) under programs of the federal government for the year ended June 30, 2024. The information in this SEFA is presented in accordance with the standards applicable to financial audits contained in Government Auditing Standards issued by the Comptroller General of the United States of America, and the audit requirements of Title 2 U.S. Code of Federal Regulation (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (“Uniform Guidance”). Because the SEFA presents only a selected portion of operations of the Organization, it is not intended to and does not present the financial position, changes in net assets, or cash flows of9 the Organization. Federal awards received directly from federal agencies as well as federal awards passed through local agencies are included in the SEFA.
Title: Note B
Accounting Policies: The SEFA is presented using the accrual basis of accounting which is described in the notes to the Organization’s financial statements. Such expenditures are recognized following the cost principles contained in Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The Organization has not elected to use the 10-percent de minimis indirect cost rate allowed in Section 200.414 of the Uniform Guidance. The amount expended includes $47,085 claimed as an indirect cost recovery.
The SEFA is presented using the accrual basis of accounting which is described in the notes to the Organization’s financial statements. Such expenditures are recognized following the cost principles contained in Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
Title: Note C
Accounting Policies: The SEFA is presented using the accrual basis of accounting which is described in the notes to the Organization’s financial statements. Such expenditures are recognized following the cost principles contained in Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The Organization has not elected to use the 10-percent de minimis indirect cost rate allowed in Section 200.414 of the Uniform Guidance. The amount expended includes $47,085 claimed as an indirect cost recovery.
The Organization has not elected to use the 10-percent de minimis indirect cost rate allowed in Section 200.414 of the Uniform Guidance. The amount expended includes $47,085 claimed as an indirect cost recovery.