Notes to SEFA
Title: Related Party
Accounting Policies: The accompanying schedule of expenditures of federal and state awards includes the federal and state grant activity of MobiliSE, Inc. and is presented on the accrual basis of accounting. The information on this schedule is presented in accordance with the requirements of the Uniform Guidance. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The Organization does not use the de minimis cost rate. Indirect costs are allocated based on allowable grant budgets.
The Organization has contracted with a firm to administer one of its federal grants. A member of the Organization’s board of directors is affiliated with the firm. The board member disclosed the conflict of interest and did not participate in voting to award the contract to the firm. Expenses charged to the federal grant under this contract during the year ended December 31, 2024, were $67,365.