Notes to SEFA
Title: Basis of Presentation
Accounting Policies: Cost Principles:
Expenditures reported on the Schedule are reported on the accrual method of accounting in accordance with U.S. GAAP. 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. There are no pass-through entity expenditures.
Indirect Cost Rates:
The Organization has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance. The Organization has a negotiated administrative and fringe benefits rate with the government. The provisional rates approved by the U.S. Department of State for the year-end December 31, 2024 was 63.63% of modified total direct costs for the year ended 2024 until amended or finalized by the U.S. Department of State.
De Minimis Rate Used: N
Rate Explanation: The Organization has a negotiated administrative and fringe benefits rate with
the government. The provisional rate approved by the U.S. Department of State for the year-end December 31, 2024 was 63.63% of modified total direct costs for the year ended 2024 until amended or finalized by the U.S. Department of State.
The Schedule of Expenditures of Federal Awards (the Schedule) includes the federal award activity of AYUSA International (the Organization) under programs of the federal government for the year ended December 31, 2024. The information in the 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 Organization’s operations, it is not
intended to and does not present the Organization’s results of operations, and cash flows in accordance with accounting principles generally accepted in the United States of America (U.S. GAAP).
Title: Summary of Significant Accounting Policies
Accounting Policies: Cost Principles:
Expenditures reported on the Schedule are reported on the accrual method of accounting in accordance with U.S. GAAP. 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. There are no pass-through entity expenditures.
Indirect Cost Rates:
The Organization has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance. The Organization has a negotiated administrative and fringe benefits rate with the government. The provisional rates approved by the U.S. Department of State for the year-end December 31, 2024 was 63.63% of modified total direct costs for the year ended 2024 until amended or finalized by the U.S. Department of State.
De Minimis Rate Used: N
Rate Explanation: The Organization has a negotiated administrative and fringe benefits rate with
the government. The provisional rate approved by the U.S. Department of State for the year-end December 31, 2024 was 63.63% of modified total direct costs for the year ended 2024 until amended or finalized by the U.S. Department of State.
Cost Principles:
Expenditures reported on the Schedule are reported on the accrual method of accounting in accordance with U.S. GAAP. 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. There are no pass-through entity expenditures.
Indirect Cost Rates:
The Organization has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance. The Organization has a negotiated administrative and fringe benefits rate with the government. The provisional rates approved by the U.S. Department of State for the year-end December 31, 2024 was 63.63% of modified total direct costs for the year ended 2024 until amended
or finalized by the U.S. Department of State.