Notes to SEFA
Title: Pass-Through Awards
Accounting Policies: Expenditures reported in the schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, Cost Principles for Non-Profit Foundations, wherein certain types of expenditures are not allowable or are limited as to reimbursement
De Minimis Rate Used: N
Rate Explanation: Cleveland VA Medical Research and Education Foundation elected to not use the de minimis cost rate.
The Foundation receives federal financial assistance from various Foundations which are Pass-through awards from federal grantors. The amounts of direct awards and pass-through awards are included on the shcedule of expenditures of federal awards.
Title: Subrecipients
Accounting Policies: Expenditures reported in the schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, Cost Principles for Non-Profit Foundations, wherein certain types of expenditures are not allowable or are limited as to reimbursement
De Minimis Rate Used: N
Rate Explanation: Cleveland VA Medical Research and Education Foundation elected to not use the de minimis cost rate.
Of the federal expenditures presented in the Schedule, the Foundation provided federal awards to subrecipients as follows: Assistance Listing # Federal Program Amount provided to subrecipients 12.420 Military Medical Research & Development $156,601 As a subrecipient, the Foundation has certain compliance responsibilities, such as monitoring its subrecipients to help assure they use these sub-awards as authorized by laws, regulations, and the provisions of contracts or grant agreements, and that subrecipients achieve the award's perfomance goals.