Notes to SEFA
Title: Basis of Presentation
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowed. Catalogue of Federal Domestic Assistance numbers ("CFDA" ) are provided where available.
De Minimis Rate Used: N
Rate Explanation: The Organization has elected not to use the ten percent de minimis indirect cost rate.
The accompanying Schedule of Expenditures of Federal Awards (the "Schedule") includes the
expenditures of the Organization under programs of the federal government for the year ended
February 28, 2021. The information in the 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"). Therefore, some amounts presented in this schedule may differ from amounts
presented in, or used in the preparation of the financial statements. For purposes of the Schedule,
federal awards include all sub awards to the Organization by nonfederal organizations pursuant to
federal grants, contract and similar agreements.
Title: Summary of Significant Accounting Policies
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowed. Catalogue of Federal Domestic Assistance numbers ("CFDA" ) are provided where available.
De Minimis Rate Used: N
Rate Explanation: The Organization has elected not to use the ten percent de minimis indirect cost rate.
Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such
expenditures are recognized following the principles contained in the Uniform Guidance, wherein
certain types of expenditures are not allowed. Catalogue of Federal Domestic Assistance numbers
("CFDA") are provided when available.
Title: Indirect Cost Rate
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowed. Catalogue of Federal Domestic Assistance numbers ("CFDA" ) are provided where available.
De Minimis Rate Used: N
Rate Explanation: The Organization has elected not to use the ten percent de minimis indirect cost rate.
The Organization has elected not to use the ten percent de minimis indirect cost rate.