Notes to SEFA
Title: BASIS OF PRESENTATION
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 for all awards wherein certain types of expenditures are not allowable or are
limited as to reimbursement. Negative amounts shown in the Schedule represent
adjustments or credits made in the normal course of business to amounts reported as
expenditures in prior years.
De Minimis Rate Used: N
Rate Explanation: The Organization has elected not to use the 10 percent de minimis indirect cost rate allowed
under the Uniform Guidance.
The Organization schedule of expenditures of federal awards (the Schedule) includes the
federal award activity of the Organization 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 the Organization, it is not
intended to and does not present the financial position, change in net assets, or cash flows
of the Organization.
Title: SUBRECIPIENTS
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 for all awards wherein certain types of expenditures are not allowable or are
limited as to reimbursement. Negative amounts shown in the Schedule represent
adjustments or credits made in the normal course of business to amounts reported as
expenditures in prior years.
De Minimis Rate Used: N
Rate Explanation: The Organization has elected not to use the 10 percent de minimis indirect cost rate allowed
under the Uniform Guidance.
There were no subrecipient payments during the year.