Notes to SEFA
Title: Note 1. Basis of Presentation
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting.
De Minimis Rate Used: Y
Rate Explanation: 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. NRGI
has elected to use the 10% de minimis indirect cost rate as allowed under Uniform Guidance for all
awards that do not explicitly state that indirect costs are not allowed.
The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the
Federal award activity of NRGI under programs of the Federal Government for the year ended
December 31, 2024. Information in the Schedule 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).
The Schedule presents only a selected portion of the operations of NRGI; accordingly, it is not
intended to and does not present the financial position, changes in net assets or cash flows of NRGI.
Title: Note 2. Summary of Significant Accounting Policies
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting.
De Minimis Rate Used: Y
Rate Explanation: 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. NRGI
has elected to use the 10% de minimis indirect cost rate as allowed under Uniform Guidance for all
awards that do not explicitly state that indirect costs are not allowed.
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. NRGI
has elected to use the 10% de minimis indirect cost rate as allowed under Uniform Guidance for all
awards that do not explicitly state that indirect costs are not allowed.