Title: Note 1 Basis of Presentation
Accounting Policies: Accrual basis of Accounting
De Minimis Rate Used: N
Rate Explanation: Predetermined rate of 65.5%
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal
Title: Note 1 Basis of Presentation
Accounting Policies: Accrual basis of Accounting
De Minimis Rate Used: N
Rate Explanation: Predetermined rate of 65.5%
award activity of the American Psychological Association and subsidiaries (“the Association”) under
Title: Note 1 Basis of Presentation
Accounting Policies: Accrual basis of Accounting
De Minimis Rate Used: N
Rate Explanation: Predetermined rate of 65.5%
programs of the federal government for the year ended December 31, 2024. The information in this
Title: Note 1 Basis of Presentation
Accounting Policies: Accrual basis of Accounting
De Minimis Rate Used: N
Rate Explanation: Predetermined rate of 65.5%
Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal
Title: Note 1 Basis of Presentation
Accounting Policies: Accrual basis of Accounting
De Minimis Rate Used: N
Rate Explanation: Predetermined rate of 65.5%
Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit
Title: Note 1 Basis of Presentation
Accounting Policies: Accrual basis of Accounting
De Minimis Rate Used: N
Rate Explanation: Predetermined rate of 65.5%
Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a
Title: Note 1 Basis of Presentation
Accounting Policies: Accrual basis of Accounting
De Minimis Rate Used: N
Rate Explanation: Predetermined rate of 65.5%
selected portion of the operations of the Association, it is not intended to and does not present the
Title: Note 1 Basis of Presentation
Accounting Policies: Accrual basis of Accounting
De Minimis Rate Used: N
Rate Explanation: Predetermined rate of 65.5%
financial position, changes in net assets, or cash flows of the Association.
Title: Note 2 Summary of Significant Accounting Policies
Accounting Policies: Accrual basis of Accounting
De Minimis Rate Used: N
Rate Explanation: Predetermined rate of 65.5%
Expenditures reported on the Schedule are reported on the accrual basis of accounting.
Title: Note 2 Summary of Significant Accounting Policies
Accounting Policies: Accrual basis of Accounting
De Minimis Rate Used: N
Rate Explanation: Predetermined rate of 65.5%
Such
Title: Note 2 Summary of Significant Accounting Policies
Accounting Policies: Accrual basis of Accounting
De Minimis Rate Used: N
Rate Explanation: Predetermined rate of 65.5%
expenditures are recognized following the cost principles contained in the Uniform
Title: Note 2 Summary of Significant Accounting Policies
Accounting Policies: Accrual basis of Accounting
De Minimis Rate Used: N
Rate Explanation: Predetermined rate of 65.5%
Guidance, wherein certain types of expenditures are not allowable or are limited as to
Title: Note 2 Summary of Significant Accounting Policies
Accounting Policies: Accrual basis of Accounting
De Minimis Rate Used: N
Rate Explanation: Predetermined rate of 65.5%
reimbursement.
Title: Note 3 Indirect Cost Rate
Accounting Policies: Accrual basis of Accounting
De Minimis Rate Used: N
Rate Explanation: Predetermined rate of 65.5%
The Association has been awarded a pre-determined indirect cost rate of 65.5%. The Association
Title: Note 3 Indirect Cost Rate
Accounting Policies: Accrual basis of Accounting
De Minimis Rate Used: N
Rate Explanation: Predetermined rate of 65.5%
elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.