Notes to SEFA
Title: NOTE A-BASIS OF PRESENTATION
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of LEARN, Inc. and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Uniform Guidance. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements. Amounts received by LEARN, Inc. from Federal awards were direct awards from the TRIO Cluster of programs.
De Minimis Rate Used: N
Rate Explanation: DID NOT USE DEMINIS COST RATE BECAUSE ONLY EXPENDITURES ARE FEDERAL
The accompanying schedule of expenditures of federal awards includes the federal grant activity of LEARN, Inc. and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Uniform Guidance. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements. Amounts received by LEARN, Inc. from Federal awards were direct awards from the TRIO Cluster of programs
Title: NOTE B – RECONCILIATION TO BASIC FINANCIAL STATEMENTS
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of LEARN, Inc. and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Uniform Guidance. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements. Amounts received by LEARN, Inc. from Federal awards were direct awards from the TRIO Cluster of programs.
De Minimis Rate Used: N
Rate Explanation: DID NOT USE DEMINIS COST RATE BECAUSE ONLY EXPENDITURES ARE FEDERAL
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Title: NOTE C- NONMONETARY
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of LEARN, Inc. and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Uniform Guidance. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements. Amounts received by LEARN, Inc. from Federal awards were direct awards from the TRIO Cluster of programs.
De Minimis Rate Used: N
Rate Explanation: DID NOT USE DEMINIS COST RATE BECAUSE ONLY EXPENDITURES ARE FEDERAL
There was no Federal or other nonmonetary assistance received by the organization.