Notes to SEFA
Title: PASSED THROUGH TO SUBRECIPIENTS
Accounting Policies: The accompanying schedule of expenditures of federal and state awards (the “Schedules”) includes the federal and state grant activity of the Center. The information in the Schedules is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (“CFR”) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (“Uniform Guidance”) and the Audit Manual issued by the Comptroller of the Treasury of the State of Tennessee. Because the Schedules present only a selected potion of the operations of the Center, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the Center.
Expenditures reported on the Schedules 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 de minimis indirect cost rate (10-percent for February 1, 2024 - September 30, 2024 and 15-percent for October 1, 2024 - January 31, 2025) as allowed under the Uniform Guidance when indirect costs are provided by the applicable grant.
The Center provided no federal awards to subrecipients.