Notes to SEFA
Title: BASIS OF PRESENTATION
Accounting Policies: Expenditures reported on the accompanying schedule of expenditures of federal awards (the
Schedule) are reported on the accrual basis of accounting. Such 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 limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: Reach-Up, Incorporated has not elected to use the 10-percent de minimis indirect cost rate as
allowed under the Uniform Guidance.
The Schedule includes the federal grant activity of Reach-Up, Incorporated under programs of
the federal government for the year ended March 31, 2025. 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 Reach-Up, Incorporated, it is not intended to and does not present the financial
position, changes in net assets, or cash flows of Reach-Up, Incorporated.