Audit 362368

Title: SUBRECIPIENTS Accounting Policies: BASIS OF PRESENTATION The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of IDSA under programs of the federal government for the year ended December 31, 2024. The information in this Schedule is presented in accordance with the requirements of 2 CFR Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of IDSA, it is not intended to, and does not, present the financial position, changes in net assets, or cash flows of IDSA. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES 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: N Rate Explanation: Indirect costs are costs that are incurred for common or joint objectives and cannot be identified specifically with a particular contract or grant. These costs also are known as facilities and administrative costs. IDSA elected to not use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance. IDSA received a negotiated indirect cost rate of 19.2% effective as of January 1, 2024. IDSA has entered into an agreement with a subrecipient for certain grants. Under the terms of the agreement, payment is made to the subrecipient based on the completion of certain activities. Liabilities have only been accrued for services provided through December 31, 2024.