Notes to SEFA
Title: NOTE 2 - FEDERAL ASSISTANCE LISTINGS NUMBER
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of Arizona Humanities Council, Inc. (the Council), and is presented on the accrual basis of accounting. 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). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the financial statements.
De Minimis Rate Used: N
Rate Explanation: The Council has elected not to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.
The program titles and Federal Assistance Listings Number (FAL) were obtained from the federal or pass-through grantor or the 2024 Federal Assistance Listings.
Title: NOTE 4 - SUBRECIPIENTS
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of Arizona Humanities Council, Inc. (the Council), and is presented on the accrual basis of accounting. 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). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the financial statements.
De Minimis Rate Used: N
Rate Explanation: The Council has elected not to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.
The Council distributed $226,490 under FAL number 45.129 to subrecipients during the year ended October 31, 2024.