Title: NOTE 1 BASIS OF PRESENTATION
Accounting Policies: NOTE 1 - BASIS OF PRESENTATION
The accompanying schedule of expenditures of federal awards summarizes the expenditures of the
Organization under programs of the federal government for the year ended December 31, 2024 and
is presented on the accrual basis of accounting. The information in this schedule is presented in
accordance with the provisions of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform
Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (the
“Uniform Guidance”). Therefore, some amounts presented in this schedule may differ from amounts
presented in, or used in the preparation of, the consolidated financial statements.
NOTE 2 - ACCOUNTING PRINCIPLES
Expenditures for direct costs are recognized as incurred using the accrual method of accounting
and the cost accounting principles contained in the Uniform Guidance. Under these cost principles,
certain types of expenditures are not allowable or are limited as to reimbursement.
NOTE 3 - INDIRECT COST RATE
The Organization did not elect to use the 10% de minimis cost rate under Title 2 U.S. CFR Part
200, Subpart E, Cost Principles.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The accompanying schedule of expenditures of federal awards summarizes the expenditures of the
Organization under programs of the federal government for the year ended December 31, 2024 and
is presented on the accrual basis of accounting. The information in this schedule is presented in
accordance with the provisions of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform
Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (the
“Uniform Guidance”). Therefore, some amounts presented in this schedule may differ from amounts
presented in, or used in the preparation of, the consolidated financial statements.
Title: NOTE 2 ACCOUNTING PRINCIPLES
Accounting Policies: NOTE 1 - BASIS OF PRESENTATION
The accompanying schedule of expenditures of federal awards summarizes the expenditures of the
Organization under programs of the federal government for the year ended December 31, 2024 and
is presented on the accrual basis of accounting. The information in this schedule is presented in
accordance with the provisions of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform
Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (the
“Uniform Guidance”). Therefore, some amounts presented in this schedule may differ from amounts
presented in, or used in the preparation of, the consolidated financial statements.
NOTE 2 - ACCOUNTING PRINCIPLES
Expenditures for direct costs are recognized as incurred using the accrual method of accounting
and the cost accounting principles contained in the Uniform Guidance. Under these cost principles,
certain types of expenditures are not allowable or are limited as to reimbursement.
NOTE 3 - INDIRECT COST RATE
The Organization did not elect to use the 10% de minimis cost rate under Title 2 U.S. CFR Part
200, Subpart E, Cost Principles.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
Expenditures for direct costs are recognized as incurred using the accrual method of accounting
and the cost accounting principles contained in the Uniform Guidance. Under these cost principles,
certain types of expenditures are not allowable or are limited as to reimbursement.
Title: NOTE 3 INDIRECT COST RATE
Accounting Policies: NOTE 1 - BASIS OF PRESENTATION
The accompanying schedule of expenditures of federal awards summarizes the expenditures of the
Organization under programs of the federal government for the year ended December 31, 2024 and
is presented on the accrual basis of accounting. The information in this schedule is presented in
accordance with the provisions of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform
Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (the
“Uniform Guidance”). Therefore, some amounts presented in this schedule may differ from amounts
presented in, or used in the preparation of, the consolidated financial statements.
NOTE 2 - ACCOUNTING PRINCIPLES
Expenditures for direct costs are recognized as incurred using the accrual method of accounting
and the cost accounting principles contained in the Uniform Guidance. Under these cost principles,
certain types of expenditures are not allowable or are limited as to reimbursement.
NOTE 3 - INDIRECT COST RATE
The Organization did not elect to use the 10% de minimis cost rate under Title 2 U.S. CFR Part
200, Subpart E, Cost Principles.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The Organization did not elect to use the 10% de minimis cost rate under Title 2 U.S. CFR Part
200, Subpart E, Cost Principles.