Title: Relationship to Financial Statements:
Accounting Policies: Basis of Accounting: The Accompanying schedule of expenditures of federal awards includes the federal grant activity of The Aerospace Corporation and is presented on the accrual basis of accounting. 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).
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate. Indirect Cost Rates: The Aerospace Corporation did not elect to use the 10% de minimis indirect cost rate as it does not apply to this entity because negotiated rates are used.
: Amounts reported in the preceding schedule is reconciled to the annual financial statements for the year ended September 30, 2024, as follows:
Direct Labor $529,675,000
Indirect Support & Administrative Cost 668,546,000
Other Direct Costs 93,914,000
Direct Travel 18,081,000
Total Costs $1,310,216,000
Plus: Employer Contribution to Retirement & Benefit Plans 12,388,000
Less: Reporting/Client Adjustments-Rent Exp., T/I Allowance, IT Eq., Etc. < 3,955,000>
Less: Post Audit Adjustments – Various < 268,000>
Total Reimbursable Costs $1,318,381,000
Less: Non-Federal Expenditures <9,552,000>
Total of Federal Expenditures as listed in the SEFA $1,308,829,000
Title: Department of Defense, Air Force/SSC/CAT1/CAT2:
Accounting Policies: Basis of Accounting: The Accompanying schedule of expenditures of federal awards includes the federal grant activity of The Aerospace Corporation and is presented on the accrual basis of accounting. 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).
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate. Indirect Cost Rates: The Aerospace Corporation did not elect to use the 10% de minimis indirect cost rate as it does not apply to this entity because negotiated rates are used.
The total of $1,125,727,724 of DOD expenditures reported in the preceding FY24 schedule includes: $1,118,119,021 in support of FY24 contract modification, $6,275,224 in support of FY23 contract modification, $460,570 in support of FY22 contract modification, $867,648 in support of FY21 contract modification, and $5,261 in support of FY20.
Title: Cost Accounting Standard 414 Cost of Funds:
Accounting Policies: Basis of Accounting: The Accompanying schedule of expenditures of federal awards includes the federal grant activity of The Aerospace Corporation and is presented on the accrual basis of accounting. 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).
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate. Indirect Cost Rates: The Aerospace Corporation did not elect to use the 10% de minimis indirect cost rate as it does not apply to this entity because negotiated rates are used.
The preceding federal expenditures do not include CAS 414 cost of funds of $26,199,338 for FY24.
Title: Subrecipient Awards:
Accounting Policies: Basis of Accounting: The Accompanying schedule of expenditures of federal awards includes the federal grant activity of The Aerospace Corporation and is presented on the accrual basis of accounting. 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).
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate. Indirect Cost Rates: The Aerospace Corporation did not elect to use the 10% de minimis indirect cost rate as it does not apply to this entity because negotiated rates are used.
Of the federal expenditures presented in the schedule of expenditures of federal awards, federal awards provided to subrecipients were as follows:
Provided to
ALN Grantor Agency Contract Subrecipient Subrecipient
12 Department of Defense FA8802-19-C-0001 BOT OF SOUTHERN ILLINOIS UNIVERSITY $ 7,352
FA8802-19-C-0001 REGENTS - UNIV OF CA (REGENTS-UN) 27,552
FA8802-19-C-0001 REGENTS OF THE UNIV CALIF MERCED 27,482
FA8802-19-C-0001 SEVENTH-DAY ADVENTIST LOMA LINDA 20,000
FA8802-19-C-0001 SOUTHWEST RESEARCH INSTITUTE 29,500
FA8802-19-C-0001 TEXAS A&M UNIVERSITY 20,000
FA8802-19-C-0001 THE UNIVERSITY CORPORATION 10,172
FA8802-19-C-0001 UC REGENTS (UC REGE AC) 15,977
FA8802-19-C-0001 UNIVERSITY OF CALIFORNIA - DAVIS 7,200
Department of Defense Total $ 165,235
43 National Aeronautics and
Space Administration 80NSSC20K0725 BOSTON UNIVERSITY (BOSTON PO) $ 23,499
80GSFC19D0011 BUTLER UNIVERSITY 107,039
80NSSC21K1552 COMPUTATIONAL PHYSICS INC. 49,479
80NSSC17K0044 EMBRY-RIDDLE AERONAUTICAL 64,551
80NSSC21K1552 EMBRY-RIDDLE AERONAUTICAL 1,824
80NSSC18K1050 JOHNS HOPKINS UNIVERSITY 96
80NSSC18K0973 JOHNS HOPKINS UNIVERSITY 10,491
80GSFC19D0011 MITRE CORPORATION 756,176
80NSSC17K0044 UNIVERSITY OF NEW HAMPSHIRE 53,857
80NSSC22K0768 UT-BATTELLE LLC (UT-BETTELL) 148,099
National Aeronautics and Space
Administration Total $ 1,215,111
47 National Science Foundation AGS-1848730 SPACE SCIENCE INSTITUTE $ 31,422
National Science Foundation Total $ 31,422
Total $ 1,411,768