Title: 1. Basis of Presentation
Accounting Policies: Expenditures reported on the SEFA 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: N
Rate Explanation: START records its expenditures of federal awards using the indirect cost and fringe
benefit rate per the non-profit rate agreement with the federal government, which was
approved in accordance with the authority of the Uniform Guidance. In this manner,
START has elected not to use the 10% de minimis indirect cost rate, as allowed under the
Uniform Guidance.
The accompanying schedule of expenditures of federal awards (SEFA) includes the
federal award activity of START under the programs of the federal government for the
year ended December 31, 2024. The information in the SEFA 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 SEFA presents only a selected portion of the
operations of START, it is not intended to, and does not, present the financial position,
changes in net assets, or cash flows of START.
Title: 2. Summary of Significant Accounting Policies
Accounting Policies: Expenditures reported on the SEFA 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: N
Rate Explanation: START records its expenditures of federal awards using the indirect cost and fringe
benefit rate per the non-profit rate agreement with the federal government, which was
approved in accordance with the authority of the Uniform Guidance. In this manner,
START has elected not to use the 10% de minimis indirect cost rate, as allowed under the
Uniform Guidance.
Expenditures reported on the SEFA 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.
Title: 3. Indirect Cost Rate
Accounting Policies: Expenditures reported on the SEFA 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: N
Rate Explanation: START records its expenditures of federal awards using the indirect cost and fringe
benefit rate per the non-profit rate agreement with the federal government, which was
approved in accordance with the authority of the Uniform Guidance. In this manner,
START has elected not to use the 10% de minimis indirect cost rate, as allowed under the
Uniform Guidance.
START records its expenditures of federal awards using the indirect cost and fringe
benefit rate per the non-profit rate agreement with the federal government, which was
approved in accordance with the authority of the Uniform Guidance. In this manner,
START has elected not to use the 10% de minimis indirect cost rate, as allowed under the
Uniform Guidance.
Title: 4. Non-Low Risk Auditee
Accounting Policies: Expenditures reported on the SEFA 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: N
Rate Explanation: START records its expenditures of federal awards using the indirect cost and fringe
benefit rate per the non-profit rate agreement with the federal government, which was
approved in accordance with the authority of the Uniform Guidance. In this manner,
START has elected not to use the 10% de minimis indirect cost rate, as allowed under the
Uniform Guidance.
In order to qualify as a low-risk auditee, START must meet the conditions set by the
Uniform Guidance for each of the preceding two audit periods.
START did not require the Uniform Guidance audit for the year ended December 31,
2023 since the total expenditures of federal awards were below the Uniform Guidance
threshold of $750,000 for the year then ended. Therefore, START did not qualify as a
low-risk auditee for the year ended December 31, 2024 since the Uniform Guidance
audit was not performed for each of the preceding two audit periods.