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, wherein certain types of
expenditures are not allowable or limited as to reimbursement. Pass- through entity identifying numbers
are presented where available and applicable.
De Minimis Rate Used: N
Rate Explanation: The Organization does not utilize the 10% de minimis indirect cost rate. The Organization applies indirect
costs in accordance with its negotiated indirect cost rate and specific terms of its federal award agreements.
The accompanying schedule of expenditures of federal awards (the "Schedule") includes the federal award
activity of GRID Alternatives (a California nonprofit corporation) (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 Title 2 U.S. Code of Federal Regulations 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, changes in net assets, or cash flows of the
Organization.
Title: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
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 limited as to reimbursement. Pass- through entity identifying numbers
are presented where available and applicable.
De Minimis Rate Used: N
Rate Explanation: The Organization does not utilize the 10% de minimis indirect cost rate. The Organization applies indirect
costs in accordance with its negotiated indirect cost rate and specific terms of its federal award agreements.
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 limited as to reimbursement. Pass- through entity identifying numbers
are presented where available and applicable.
Title: INDIRECT COSTS
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 limited as to reimbursement. Pass- through entity identifying numbers
are presented where available and applicable.
De Minimis Rate Used: N
Rate Explanation: The Organization does not utilize the 10% de minimis indirect cost rate. The Organization applies indirect
costs in accordance with its negotiated indirect cost rate and specific terms of its federal award agreements.
The Organization does not utilize the 10% de minimis indirect cost rate. The Organization applies indirect
costs in accordance with its negotiated indirect cost rate and specific terms of its federal award agreements.