Notes to SEFA
Title: BASIS OF PRESENTATION
Accounting Policies: Accrual Basis
De Minimis Rate Used: N
Rate Explanation: Indirect costs are calculated and allocated in accordance with specific grant requirements.
The accompanying schedule of Expenditures of Federal Awards includes the Federal grant activity of Native American LifeLines, Inc. (the Organization), 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 the Federal Regulations Part 200, Uniform Guidance Administrative Requirements, Cost Principles, and Audit Requirements for Federal and Non-Federal Awards (Uniform Guidance). Therefore, some amounts presented in this schedule may differ from the amounts presented in, or used in the presentation of, the basic financial statements
Title: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Accounting Policies: Accrual Basis
De Minimis Rate Used: N
Rate Explanation: Indirect costs are calculated and allocated in accordance with specific grant requirements.
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 allowed or are limited as to reimbursement. Indirect costs are calculated and allocated in accordance with specific grant requirements. The Organization did not elect to use the 10% de minimis cost rate as covered in 2 CFR 200.414 Indirect (F&A) costs