Notes to SEFA
Title: AFFILIATED ORGANIZATION
Accounting Policies: Expenditures on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
Pass-through entity identifying numbers are presented where available.
De Minimis Rate Used: N
Rate Explanation: The Council has predetermined indirect cost rates at 8%. The indirect cost rate is based upon the grant budget approved by the grantor and is subject to change.
The Council is affiliated with Campus Compact for New Hampshire (“Campus Compact”). Both entities have interrelated directors and staff and share office space and equipment. During the fiscal year ended June 30, 2024, the Council awarded Campus Compact a subgrant of $270,026.