Title: NOTE A - BASIS OF PRESENTATION
Accounting Policies: NOTE A - BASIS OF PRESENTATION: The accompanying Schedule of Expenditures of Federal Awards (the “Schedule”) includes the federal grant activity of Humanities Council of Washington, D.C. under programs of the federal government for the year ended October 31, 2024. 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 Humanities Council of Washington, D.C., it is not intended and does not present the financial position, changes in net assets, or cash flows of Humanities Council of Washington, D.C.
NOTE B – SUMMARY OF SIGNIFICANT 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, wherein, certain types of expenses are not allowable or are limited as to reimbursement.
NOTE C – INDIRECT COST RATE
Humanities Council of Washington, D.C. elected not to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: No indirect cost rate was applied to the federal grant, and therefore, HumanitiesDC did not seek reimbursement for any indirect costs from the federal government agency.
The accompanying Schedule of Expenditures of Federal Awards (the “Schedule”) includes the federal grant activity of Humanities Council of Washington, D.C. under programs of the federal government for the year ended October 31, 2024. 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 Humanities Council of Washington, D.C., it is not intended and does not present the financial position, changes in net assets, or cash flows of Humanities Council of Washington, D.C.
Title: NOTE B - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Accounting Policies: NOTE A - BASIS OF PRESENTATION: The accompanying Schedule of Expenditures of Federal Awards (the “Schedule”) includes the federal grant activity of Humanities Council of Washington, D.C. under programs of the federal government for the year ended October 31, 2024. 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 Humanities Council of Washington, D.C., it is not intended and does not present the financial position, changes in net assets, or cash flows of Humanities Council of Washington, D.C.
NOTE B – SUMMARY OF SIGNIFICANT 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, wherein, certain types of expenses are not allowable or are limited as to reimbursement.
NOTE C – INDIRECT COST RATE
Humanities Council of Washington, D.C. elected not to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: No indirect cost rate was applied to the federal grant, and therefore, HumanitiesDC did not seek reimbursement for any indirect costs from the federal government agency.
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, wherein, certain types of expenses are not allowable or are limited as to reimbursement.
Title: NOTE C - INDIRECT COST RATE
Accounting Policies: NOTE A - BASIS OF PRESENTATION: The accompanying Schedule of Expenditures of Federal Awards (the “Schedule”) includes the federal grant activity of Humanities Council of Washington, D.C. under programs of the federal government for the year ended October 31, 2024. 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 Humanities Council of Washington, D.C., it is not intended and does not present the financial position, changes in net assets, or cash flows of Humanities Council of Washington, D.C.
NOTE B – SUMMARY OF SIGNIFICANT 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, wherein, certain types of expenses are not allowable or are limited as to reimbursement.
NOTE C – INDIRECT COST RATE
Humanities Council of Washington, D.C. elected not to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: No indirect cost rate was applied to the federal grant, and therefore, HumanitiesDC did not seek reimbursement for any indirect costs from the federal government agency.
Humanities Council of Washington, D.C. elected not to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.