Notes to SEFA
Title: NOTE A – Basis of Presentation
Accounting Policies: Expenditures reported 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. Negative amounts
shown on the Schedule, if any, represent adjustments or credits made in the normal course of business
to amounts reported as expenditures in prior years.
De Minimis Rate Used: N
Rate Explanation: The Organization has elected not to use the 10 percent de minimis indirect cost rate to recover indirect
costs, as allowed under the Uniform Guidance. The Organization rather uses an indirect cost rate as
approved by the applicable federal grantor.
The accompany Schedule of Expenditures of Federal Awards (the “Schedule”) includes the federal
grant activity of the Organization under programs of the federal government for the year ended
September 30, 2024. The information in this Schedule is presented in accordance with the requirements
of Title 2 U.S. Code of Federal Regulations (CFR) 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 the Organization, it is not intended to
and does not present the financial position, changes in net assets, or cash flows of the Organization.
Title: NOTE B – Summary of Significant Accounting Policies
Accounting Policies: Expenditures reported 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. Negative amounts
shown on the Schedule, if any, represent adjustments or credits made in the normal course of business
to amounts reported as expenditures in prior years.
De Minimis Rate Used: N
Rate Explanation: The Organization has elected not to use the 10 percent de minimis indirect cost rate to recover indirect
costs, as allowed under the Uniform Guidance. The Organization rather uses an indirect cost rate as
approved by the applicable federal grantor.
Expenditures reported 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. Negative amounts
shown on the Schedule, if any, represent adjustments or credits made in the normal course of business
to amounts reported as expenditures in prior years.
The Organization has elected not to use the 10 percent de minimis indirect cost rate to recover indirect
costs, as allowed under the Uniform Guidance. The Organization rather uses an indirect cost rate as
approved by the applicable federal grantor.
Title: NOTE C – Pass-Through Entities
Accounting Policies: Expenditures reported 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. Negative amounts
shown on the Schedule, if any, represent adjustments or credits made in the normal course of business
to amounts reported as expenditures in prior years.
De Minimis Rate Used: N
Rate Explanation: The Organization has elected not to use the 10 percent de minimis indirect cost rate to recover indirect
costs, as allowed under the Uniform Guidance. The Organization rather uses an indirect cost rate as
approved by the applicable federal grantor.
The Organization receives certain federal grants as subawards from non-federal entities. Pass-through
entities, when applicable, have been identified in the Schedule.