Title: Basis of presentation
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the federal award activity of Distilled Spirits Council of the United States, Inc. under programs of the federal government for the year ended December 31, 2024. The information in this 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 Distilled Spirits Council of the United States, Inc., it is not intended to and does not present the financial position, changes in net assets, functional expenses, or cash flows of Distilled Spirits Council of the United States, Inc.
De Minimis Rate Used: N
Rate Explanation: Distilled Spirits Council of the United States, Inc. has elected not to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.
The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the federal award activity of Distilled Spirits Council of the United States, Inc. under programs of the federal government for the year ended December 31, 2024. The information in this 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 Distilled Spirits Council of the United States, Inc., it is not intended to and does not present the financial position, changes in net assets, functional expenses, or cash flows of Distilled Spirits Council of the United States, Inc.
Title: Summary of significant accounting policies
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the federal award activity of Distilled Spirits Council of the United States, Inc. under programs of the federal government for the year ended December 31, 2024. The information in this 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 Distilled Spirits Council of the United States, Inc., it is not intended to and does not present the financial position, changes in net assets, functional expenses, or cash flows of Distilled Spirits Council of the United States, Inc.
De Minimis Rate Used: N
Rate Explanation: Distilled Spirits Council of the United States, Inc. has elected not to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.
Expenditures reported on the Schedule are reported on the accrual basis of accounting in accordance with accounting principles generally accepted in the United States of America. 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.
Title: Indirect cost rate
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the federal award activity of Distilled Spirits Council of the United States, Inc. under programs of the federal government for the year ended December 31, 2024. The information in this 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 Distilled Spirits Council of the United States, Inc., it is not intended to and does not present the financial position, changes in net assets, functional expenses, or cash flows of Distilled Spirits Council of the United States, Inc.
De Minimis Rate Used: N
Rate Explanation: Distilled Spirits Council of the United States, Inc. has elected not to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.
Distilled Spirits Council of the United States, Inc. has elected not to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.