Title: Basis of Accounting and Presentation
Accounting Policies: This summary of significant accounting policies of Project ARRIBA is presented to assist in understanding Project ARRIBA’s schedule of expenditures of federal awards (“the Schedule”). The Schedule and notes are representations of Project ARRIBA’s management, who is responsible for their integrity and objectivity. The Schedule is prepared using the accrual basis of accounting. The information in the Schedule is presented in accordance with the Uniform Guidance; therefore, some amounts presented in the Schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements. Expenditures of federal awards may include a portion of costs associated with general and administrative activities, which are allocated to federal assistance programs under negotiated formulas, commonly referred to as indirect cost rates and federally approved cost allocation plans. The Organization’s only indirect cost expenses charged to federal awards consist of administrative salaries and payments to administrative consultants, which are allocated to various programs based on time and effort records. The allocation methods have been approved by each awarding agency. The Organization has not negotiated an indirect rate with its federal cognizant agency and has not elected to use the de minimis rate of 10% of modified total direct cost as an indirect cost allocation factor, as allowed under 2 CFR §200.414.. There were no sub-recipients of the federal awards received by Project ARRIBA for the year ended December 31, 2024.
De Minimis Rate Used: N
Rate Explanation: The Organization has not negotiated an indirect rate with its federal cognizant agency and has not elected to use the de minimis rate of 10% of modified total direct cost as an indirect cost allocation factor, as allowed under 2 CFR §200.414.
– The Schedule is prepared using the accrual basis of accounting. The information in the Schedule is presented in accordance with the Uniform Guidance; therefore, some amounts presented in the Schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements.
Title: Indirect Costs
Accounting Policies: This summary of significant accounting policies of Project ARRIBA is presented to assist in understanding Project ARRIBA’s schedule of expenditures of federal awards (“the Schedule”). The Schedule and notes are representations of Project ARRIBA’s management, who is responsible for their integrity and objectivity. The Schedule is prepared using the accrual basis of accounting. The information in the Schedule is presented in accordance with the Uniform Guidance; therefore, some amounts presented in the Schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements. Expenditures of federal awards may include a portion of costs associated with general and administrative activities, which are allocated to federal assistance programs under negotiated formulas, commonly referred to as indirect cost rates and federally approved cost allocation plans. The Organization’s only indirect cost expenses charged to federal awards consist of administrative salaries and payments to administrative consultants, which are allocated to various programs based on time and effort records. The allocation methods have been approved by each awarding agency. The Organization has not negotiated an indirect rate with its federal cognizant agency and has not elected to use the de minimis rate of 10% of modified total direct cost as an indirect cost allocation factor, as allowed under 2 CFR §200.414.. There were no sub-recipients of the federal awards received by Project ARRIBA for the year ended December 31, 2024.
De Minimis Rate Used: N
Rate Explanation: The Organization has not negotiated an indirect rate with its federal cognizant agency and has not elected to use the de minimis rate of 10% of modified total direct cost as an indirect cost allocation factor, as allowed under 2 CFR §200.414.
– Expenditures of federal awards may include a portion of costs associated with general and administrative activities, which are allocated to federal assistance programs under negotiated formulas, commonly referred to as indirect cost rates and federally approved cost allocation plans. The Organization’s only indirect cost expenses charged to federal awards consist of administrative salaries and payments to administrative consultants, which are allocated to various programs based on time and effort records. The allocation methods have been approved by each awarding agency. The Organization has not negotiated an indirect rate with its federal cognizant agency and has not elected to use the de minimis rate of 10% of modified total direct cost as an indirect cost allocation factor, as allowed under 2 CFR §200.414.
Title: Sub-Recipients
Accounting Policies: This summary of significant accounting policies of Project ARRIBA is presented to assist in understanding Project ARRIBA’s schedule of expenditures of federal awards (“the Schedule”). The Schedule and notes are representations of Project ARRIBA’s management, who is responsible for their integrity and objectivity. The Schedule is prepared using the accrual basis of accounting. The information in the Schedule is presented in accordance with the Uniform Guidance; therefore, some amounts presented in the Schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements. Expenditures of federal awards may include a portion of costs associated with general and administrative activities, which are allocated to federal assistance programs under negotiated formulas, commonly referred to as indirect cost rates and federally approved cost allocation plans. The Organization’s only indirect cost expenses charged to federal awards consist of administrative salaries and payments to administrative consultants, which are allocated to various programs based on time and effort records. The allocation methods have been approved by each awarding agency. The Organization has not negotiated an indirect rate with its federal cognizant agency and has not elected to use the de minimis rate of 10% of modified total direct cost as an indirect cost allocation factor, as allowed under 2 CFR §200.414.. There were no sub-recipients of the federal awards received by Project ARRIBA for the year ended December 31, 2024.
De Minimis Rate Used: N
Rate Explanation: The Organization has not negotiated an indirect rate with its federal cognizant agency and has not elected to use the de minimis rate of 10% of modified total direct cost as an indirect cost allocation factor, as allowed under 2 CFR §200.414.
There were no sub-recipients of the federal awards received by Project ARRIBA for the year ended December 31, 2024.