Notes to SEFA
Title: Basis of Presentation
Accounting Policies: The accompanying schedule of expenditures of federal awards is presented on the accrual basis of accounting
De Minimis Rate Used: N
Rate Explanation: Clark University uses the rate according to our NICRA.
The accompanying schedule of expenditures of federal awards (the "Schedule") includes the federal grant activity of Clark University (the "University") and is presented on the accrual basis of accounting. The information in the 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).
Title: Loans Outstanding
Accounting Policies: The accompanying schedule of expenditures of federal awards is presented on the accrual basis of accounting
De Minimis Rate Used: N
Rate Explanation: Clark University uses the rate according to our NICRA.
See the Notes to the SEFA for chart/table
Title: Subrecipients
Accounting Policies: The accompanying schedule of expenditures of federal awards is presented on the accrual basis of accounting
De Minimis Rate Used: N
Rate Explanation: Clark University uses the rate according to our NICRA.
See the Notes to the SEFA for chart/table
Title: Indirect Cost Rates
Accounting Policies: The accompanying schedule of expenditures of federal awards is presented on the accrual basis of accounting
De Minimis Rate Used: N
Rate Explanation: Clark University uses the rate according to our NICRA.
The University has not elected to utilize the 10% de minimus indirect cost rate in Part 200.514 of the Uniform Guidance.