Notes to SEFA
Title: 4. RECONCILIATION OF SCHEDULE OF FEDERAL EXPENDITURES TO STATEMENT OF ACTIVITIES
Accounting Policies: 1. BASIS OF PRESENTATION
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of ACEEE, under programs of the federal government for the year ended December 31, 2024. The information in the 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). Because the Schedule presents only a selected portion of the operations of ACEEE, it is not intended to and does not present the financial position, changes in net assets, or cash flows of ACEEE.
De Minimis Rate Used: N
Rate Explanation: 3. INDIRECT COSTS
ACEEE has elected not to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.
he financial statements of ACEEE are presented in accordance with U.S. generally accepted accounting principles. Expenditures per the schedule of expenditures of federal awards are reported on the statement of activities in the audited financial statements as follows:
Description Total
Research Contributions and Projects per Statement of Activities $4,708,164
Less State, Local, and Private Contributions (1,399,620)
Total Schedule of Expenditures of Federal Awards $3,308,544