Title: Presentation and Basis of Accounting
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (the “Schedule”) for the Institute for Defense Analyses ("IDA") has been prepared on the accrual basis of accounting which conforms to accounting principles generally accepted in the United States of America and is consistent with the IDA's basic financial statements. 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 (the “Uniform Guidance”), therefore some amounts presented in the Schedule may differ from amounts presented in, or used in the preparation of, the financial statements.
For purposes of the Schedule, federal awards include all grants, contracts and similar agreements entered directly between IDA and agencies and departments of the federal government and all sub-awards to IDA by non-federal organizations pursuant to federal grants, contracts and similar agreements. For the purpose of the Schedule, expenditures for federal award programs are recognized on the accrual basis of accounting.
The Institute did not have any federal funds passed through to subrecipients, therefore this column is excluded from the Schedule.
Because the Schedule only presents a selected portion of the activities of the Institute, it is not intended to, and does not, present the financial position, changes in net assets or cash flows of the Institute.
De Minimis Rate Used: N
Rate Explanation: The Institute has negotiated an indirect cost rate with the Defense Contract Management Agency as our cognizant agency for indirect costs. As such, the Institute did not elect to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.
The accompanying Schedule of Expenditures of Federal Awards (the “Schedule”) for the Institute for Defense Analyses ("IDA") has been prepared on the accrual basis of accounting which conforms to accounting principles generally accepted in the United States of America and is consistent with the IDA's basic financial statements. 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 (the “Uniform Guidance”), therefore some amounts presented in the Schedule may differ from amounts presented in, or used in the preparation of, the financial statements.
For purposes of the Schedule, federal awards include all grants, contracts and similar agreements entered directly between IDA and agencies and departments of the federal government and all sub-awards to IDA by non-federal organizations pursuant to federal grants, contracts and similar agreements. For the purpose of the Schedule, expenditures for federal award programs are recognized on the accrual basis of accounting.
The Institute did not have any federal funds passed through to subrecipients, therefore this column is excluded from the Schedule.
Because the Schedule only presents a selected portion of the activities of the Institute, it is not intended to, and does not, present the financial position, changes in net assets or cash flows of the Institute.
Title: Indirect Cost Rate
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (the “Schedule”) for the Institute for Defense Analyses ("IDA") has been prepared on the accrual basis of accounting which conforms to accounting principles generally accepted in the United States of America and is consistent with the IDA's basic financial statements. 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 (the “Uniform Guidance”), therefore some amounts presented in the Schedule may differ from amounts presented in, or used in the preparation of, the financial statements.
For purposes of the Schedule, federal awards include all grants, contracts and similar agreements entered directly between IDA and agencies and departments of the federal government and all sub-awards to IDA by non-federal organizations pursuant to federal grants, contracts and similar agreements. For the purpose of the Schedule, expenditures for federal award programs are recognized on the accrual basis of accounting.
The Institute did not have any federal funds passed through to subrecipients, therefore this column is excluded from the Schedule.
Because the Schedule only presents a selected portion of the activities of the Institute, it is not intended to, and does not, present the financial position, changes in net assets or cash flows of the Institute.
De Minimis Rate Used: N
Rate Explanation: The Institute has negotiated an indirect cost rate with the Defense Contract Management Agency as our cognizant agency for indirect costs. As such, the Institute did not elect to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.
The Institute has negotiated an indirect cost rate with the Defense Contract Management Agency as our cognizant agency for indirect costs. As such, the Institute did not elect to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.