Notes to SEFA
Title: BASIS OF PRESENTATION
Accounting Policies: Expenditures reported on the schedule of expenditures of federal awards are reported on the
modified accrual basis of accounting. The modified accrual basis differs from the full accrual basis
of accounting in that expenditures for property and equipment are expensed when incurred, rather
than being capitalized and depreciated over their useful lives. 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.
The Organization has elected not to use the 10 percent de minimis indirect cost rate as allowed under
the Uniform Guidance.
De Minimis Rate Used: Y
Rate Explanation: See note 2
The accompanying schedule of expenditures of federal awards includes the federal grant activity of
the Organization (the Parent organization only) and is presented on the accrual basis of accounting.
The information in this schedule is presented in accordance with Title 2 U.S. Code of Federal
Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit
Requirement for Federal Awards (Uniform Guidance). Therefore, some amounts reported in this
schedule may differ from amounts presented in, or used in the preparation of, the requests for
reimbursement. These differences are temporary in nature and are resolved at the conclusion and
final request for reimbursement of each program year.
Title: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Accounting Policies: Expenditures reported on the schedule of expenditures of federal awards are reported on the
modified accrual basis of accounting. The modified accrual basis differs from the full accrual basis
of accounting in that expenditures for property and equipment are expensed when incurred, rather
than being capitalized and depreciated over their useful lives. 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.
The Organization has elected not to use the 10 percent de minimis indirect cost rate as allowed under
the Uniform Guidance.
De Minimis Rate Used: Y
Rate Explanation: See note 2
Expenditures reported on the schedule of expenditures of federal awards are reported on the
modified accrual basis of accounting. The modified accrual basis differs from the full accrual basis
of accounting in that expenditures for property and equipment are expensed when incurred, rather
than being capitalized and depreciated over their useful lives. 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.
The Organization has elected not to use the 10 percent de minimis indirect cost rate as allowed under
the Uniform Guidance.
Title: NONCASH ASSISTANCE, INSURANCE, AND LOANS
Accounting Policies: Expenditures reported on the schedule of expenditures of federal awards are reported on the
modified accrual basis of accounting. The modified accrual basis differs from the full accrual basis
of accounting in that expenditures for property and equipment are expensed when incurred, rather
than being capitalized and depreciated over their useful lives. 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.
The Organization has elected not to use the 10 percent de minimis indirect cost rate as allowed under
the Uniform Guidance.
De Minimis Rate Used: Y
Rate Explanation: See note 2
The Organization (the Parent organization only) did not receive any noncash awards during the year
ended December 31, 2024. The Organization also did not have any insurance guarantees, loans, or
loan guarantees outstanding at December 31, 2024.