Notes to SEFA
Title: Note 1 - Basis of Presentation
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. 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.
Expenses incurred under federal programs are subject to audit by the awarding agencies. If, as a result of such an
audit, certain expenses incurred are determined to not be reimbursable, the Organization may be liable for
repayment of disallowed expenses previously claimed or received.
De Minimis Rate Used: N
Rate Explanation: The Organization has not elected to use the 10‐percent de minimis indirect cost rate allowed under the Uniform Guidance.
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal grant activity
of Impact Washington (the Organization) under programs of the federal government for the year ended December
31, 2024. 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
the Organization, it is not intended to and does not present the financial position, changes in net assets or cash
flows of the Organization.
Title: Note 2 - Summary of Significant Accounting Policies
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. 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.
Expenses incurred under federal programs are subject to audit by the awarding agencies. If, as a result of such an
audit, certain expenses incurred are determined to not be reimbursable, the Organization may be liable for
repayment of disallowed expenses previously claimed or received.
De Minimis Rate Used: N
Rate Explanation: The Organization has not elected to use the 10‐percent de minimis indirect cost rate allowed under the Uniform Guidance.
Expenditures reported on the Schedule are reported on the accrual basis of accounting. 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.
Expenses incurred under federal programs are subject to audit by the awarding agencies. If, as a result of such an
audit, certain expenses incurred are determined to not be reimbursable, the Organization may be liable for
repayment of disallowed expenses previously claimed or received.
Title: Note 3 - Indirect Costs
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. 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.
Expenses incurred under federal programs are subject to audit by the awarding agencies. If, as a result of such an
audit, certain expenses incurred are determined to not be reimbursable, the Organization may be liable for
repayment of disallowed expenses previously claimed or received.
De Minimis Rate Used: N
Rate Explanation: The Organization has not elected to use the 10‐percent de minimis indirect cost rate allowed under the Uniform Guidance.
The Organization has not elected to use the 10‐percent de minimis indirect cost rate allowed under the Uniform
Guidance.