Notes to SEFA
Title: Definition of Reporting Entity
Accounting Policies: (1) Definition of Reporting Entity - the accompanying Supplemental Schedule of Expenditures of Federal Awards (Schedule) presents the activity of all federal awards of Dana-Farber Cancer Institute, Inc. and Subsidiaries (the Institute). All federal awards received directly from federal agencies, as well as federal awards passed through to the Institute from other agencies, are included on the Schedule. The Schedule also denotes Assistance Listing Numbers for each award and awards passed through from the Institute to other nonfederal subrecipient organizations. (2) Basis of Presentation - the Schedule is prepared on the accrual basis of accounting. Since the Schedule presents only a selected portion of the operations of the Institute, it is not intended to and does not present the consolidated financial position or changes in net assets of the Institute.
De Minimis Rate Used: N
Rate Explanation: Indirect costs are charged to federal grants and contracts at federally approved predetermined rates. Indirect costs recovered are included in reported federal expenditures. The Institute has elected to not use the 10% de minimis indirect rate allowed under the Uniform Guidance.
The accompanying Supplemental Schedule of Expenditures of Federal Awards (Schedule) presents the activity of all federal awards of Dana-Farber Cancer Institute, Inc. and Subsidiaries (the Institute). All federal awards received directly from federal agencies, as well as federal awards passed through to the Institute from other agencies, are included on the Schedule. The Schedule also denotes Assistance Listing Numbers for each award and awards passed through from the Institute to other nonfederal subrecipient organizations.
Title: Basis of Presentation
Accounting Policies: (1) Definition of Reporting Entity - the accompanying Supplemental Schedule of Expenditures of Federal Awards (Schedule) presents the activity of all federal awards of Dana-Farber Cancer Institute, Inc. and Subsidiaries (the Institute). All federal awards received directly from federal agencies, as well as federal awards passed through to the Institute from other agencies, are included on the Schedule. The Schedule also denotes Assistance Listing Numbers for each award and awards passed through from the Institute to other nonfederal subrecipient organizations. (2) Basis of Presentation - the Schedule is prepared on the accrual basis of accounting. Since the Schedule presents only a selected portion of the operations of the Institute, it is not intended to and does not present the consolidated financial position or changes in net assets of the Institute.
De Minimis Rate Used: N
Rate Explanation: Indirect costs are charged to federal grants and contracts at federally approved predetermined rates. Indirect costs recovered are included in reported federal expenditures. The Institute has elected to not use the 10% de minimis indirect rate allowed under the Uniform Guidance.
The Schedule is prepared on the accrual basis of accounting. Since the Schedule presents only a selected portion of the operations of the Institute, it is not intended to and does not present the consolidated financial position or changes in net assets of the Institute.
Title: Indirect Costs
Accounting Policies: (1) Definition of Reporting Entity - the accompanying Supplemental Schedule of Expenditures of Federal Awards (Schedule) presents the activity of all federal awards of Dana-Farber Cancer Institute, Inc. and Subsidiaries (the Institute). All federal awards received directly from federal agencies, as well as federal awards passed through to the Institute from other agencies, are included on the Schedule. The Schedule also denotes Assistance Listing Numbers for each award and awards passed through from the Institute to other nonfederal subrecipient organizations. (2) Basis of Presentation - the Schedule is prepared on the accrual basis of accounting. Since the Schedule presents only a selected portion of the operations of the Institute, it is not intended to and does not present the consolidated financial position or changes in net assets of the Institute.
De Minimis Rate Used: N
Rate Explanation: Indirect costs are charged to federal grants and contracts at federally approved predetermined rates. Indirect costs recovered are included in reported federal expenditures. The Institute has elected to not use the 10% de minimis indirect rate allowed under the Uniform Guidance.
Indirect costs are charged to federal grants and contracts at federally approved predetermined rates. Indirect costs recovered are included in reported federal expenditures. The Institute has elected to not use the 10% de minimis indirect rate allowed under the Uniform Guidance.