Notes to SEFA
Title: SUBRECIPIENTS
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards presents the activity of all federal financial assistance of Akwesasne Boys & Girls Club. The Organization receives federal awards both directly from federal agencies and indirectly through pass-through entities. 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).
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 are limited as to reimbursement.
De Minimis Rate Used: Y
Rate Explanation: Indirect costs may be included in the reported expenditures, to the extent they are included in the federal financial reports used as the source for the data presented. Matching costs (the Organization’s share of certain program costs) are not included in the reported expenditures. Akwesasne Boys & Girls Club has elected to use the 10 percent de minimis cost rate as covered in CFR200.414 Indirect (F&A) costs.
Of the federal expenditures presented in the schedule, Akwesasne Boys & Girls Club provided no federal awards to sub-recipients.