Notes to SEFA
Title: Insurance, loans, loan guarantees, or endowments
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: Y
Rate Explanation: The Center has elected to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.
There were no insurance, loans, or loan guarantees outstanding as of and for the year ended June 30, 2023. There were no federal awards for endowment funds that are federally restricted at year-end.
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 wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: Y
Rate Explanation: The Center has elected to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.
There were no amounts provided to subrecipients from any federal program during the year ended June 30, 2023.
Title: Value of non-cash assistance
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: Y
Rate Explanation: The Center has elected to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.
There were no non-cash commodities expended during the year ended June 30, 2023.
Title: Indirect cost rate
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: Y
Rate Explanation: The Center has elected to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.
The Center has elected to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.