Title: Note 1 - General
Accounting Policies: The accompanying SEFA is presented using the accrual basis of accounting, which is described in Note 2 to the financial statements. The information in the SEFA is presented in accordance with the regulations of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards.
De Minimis Rate Used: N
Rate Explanation: Did not use de minimis cost rate
The accompanying schedule of expenditures of federal awards (the “SEFA”) presents the activity of all federal financial awards programs received by the Organization. All federal awards received directly from federal agencies, and federal awards passed through other government agencies, are
included on the schedule.
Title: Note 2 - Basis of Accounting
Accounting Policies: The accompanying SEFA is presented using the accrual basis of accounting, which is described in Note 2 to the financial statements. The information in the SEFA is presented in accordance with the regulations of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards.
De Minimis Rate Used: N
Rate Explanation: Did not use de minimis cost rate
The accompanying SEFA is presented using the accrual basis of accounting, which is described in Note 2 to the financial statements. The information in the SEFA is presented in accordance with the regulations of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards.
Title: Note 3 - Single Audit Period
Accounting Policies: The accompanying SEFA is presented using the accrual basis of accounting, which is described in Note 2 to the financial statements. The information in the SEFA is presented in accordance with the regulations of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards.
De Minimis Rate Used: N
Rate Explanation: Did not use de minimis cost rate
The accompanying SEFA presents disbursements of the Organization’s programs for the year ended September 30, 2024.
Title: Note 4 - Indirect Cost Rate
Accounting Policies: The accompanying SEFA is presented using the accrual basis of accounting, which is described in Note 2 to the financial statements. The information in the SEFA is presented in accordance with the regulations of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards.
De Minimis Rate Used: N
Rate Explanation: Did not use de minimis cost rate
The Organization did not elect to use the 10% de minimis cost rate covered under Title 2 U.S. Code of Federal Regulations Part 200, Subpart E, Cost Principles.
Title: Note 5 - Contingencies
Accounting Policies: The accompanying SEFA is presented using the accrual basis of accounting, which is described in Note 2 to the financial statements. The information in the SEFA is presented in accordance with the regulations of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards.
De Minimis Rate Used: N
Rate Explanation: Did not use de minimis cost rate
These Federal programs are subject to financial and compliance audits by grantor agencies which, if instances of material noncompliance are found, may result in disallowed expenditures and affect the Organization’s continued participation in specific programs. The amount, if any, of expenditures which may be disallowed by the grantor agencies cannot be determined at this time, however, grantor may require the Organization to repay unallowable charges.