Notes to SEFA
Title: NOTE 1 - PURPOSE OF THE SCHEDULE
Accounting Policies: Expenditures are recognized following the cost principles contained in Title 2 U.S. Code of Federal
Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for
Federal Awards, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The Institute has not elected to use the 10-percent de minimis indirect cost rate as allowed under the
Uniform Guidance.
Basis of Presentation: The accompanying Schedule of Expenditures of Federal Awards (the "Schedule")
presents the expenditures of all federal awards of Public Health Institute for the year ended December 31,
2024 and is presented on the accrual basis of accounting in accordance with accounting principles generally
accepted in the United States of America.
The information in this 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 operations of Public Health Institute, it is not intended to and does not present the financial
position, changes in net assets, or cash flows of Public Health Institute.
Expenditures are recognized following the cost principles contained in Title 2 U.S. Code of Federal
Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for
Federal Awards, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
The Institute has not elected to use the 10-percent de minimis indirect cost rate as allowed under the
Uniform Guidance.