Notes to SEFA
Title: 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 limited as to reimbursement. Pass-through entity identifying numbers are
presented where available.
De Minimis Rate Used: N
Rate Explanation: The Foundation has elected not 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”) includes the federal grant
activity of the Sundari Foundation, Inc. and Affiliates (D.B.A. The Lotus House Women’s Shelter) (the
Foundation) 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 the Foundation,
it is not intended to and does not present the financial position, changes in net assets or cash flows of the
Foundation.
Title: 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 limited as to reimbursement. Pass-through entity identifying numbers are
presented where available.
De Minimis Rate Used: N
Rate Explanation: The Foundation has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform
Guidance.
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 limited as to reimbursement. Pass-through entity identifying numbers are
presented where available.
Title: Indirect Cost Rate
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 limited as to reimbursement. Pass-through entity identifying numbers are
presented where available.
De Minimis Rate Used: N
Rate Explanation: The Foundation has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform
Guidance.
The Foundation has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform
Guidance.
Title: Contingency
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 limited as to reimbursement. Pass-through entity identifying numbers are
presented where available.
De Minimis Rate Used: N
Rate Explanation: The Foundation has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform
Guidance.
The grant revenue amounts received are subject to audit and adjustment. If any expenditures are disallowed by
a grantor agency as a result of such an audit, any claim for reimbursement to the grantor agencies would
become a liability of the Foundation. In the opinion of management, all grant expenditures are in compliance with
the terms of the grant agreements and applicable federal and state laws and regulations.