Notes to SEFA
Title: NOTE A - BASIS OF PRESENTATION
Accounting Policies: Certain amounts on the Schedule of Expenditures of Federal Awards are based on revenues recognized rather than expenses incurred due to the grant award being partially or fully based on a fee-for-service platform rather than a cost reimbursement platform.
De Minimis Rate Used: N
Rate Explanation: Refugee Women's Alliance has never requested nor received a negotiated indirect federal cost rate and directly allocates allowable costs to federal grants or contracts in accordance with the specific grant or contract requirements. Refugee Women's Alliance may elect to apply the de minimis indirect rate of 10% of modified total direct costs allowed by the Uniform Guidance for federal awards when applicable, but did not apply such rate in 2024.
The accompanying schedule of expenditures of federal awards includes the federal grant activity of Refugee Women's Alliance and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of the Uniform Guidance. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements.