Title: NOTE 1 – BASIS OF PRESENTATION
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (the “Schedule”) presents the federal award activity of World Institute on Disability 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 the 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 World Institute on Disability, it is not intended to and does not present
the financial position, changes in net assets, or cash flows of World Institute on Disability.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimus cost rate?
The accompanying Schedule of Expenditures of Federal Awards (the “Schedule”) presents the federal award activity of World Institute on Disability 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 the 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 World Institute on Disability, it is not intended to and does not present
the financial position, changes in net assets, or cash flows of World Institute on Disability.
Title: NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (the “Schedule”) presents the federal award activity of World Institute on Disability 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 the 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 World Institute on Disability, it is not intended to and does not present
the financial position, changes in net assets, or cash flows of World Institute on Disability.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimus cost rate?
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.
Title: NOTE 3 – INDIRECT COST RATE
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (the “Schedule”) presents the federal award activity of World Institute on Disability 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 the 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 World Institute on Disability, it is not intended to and does not present
the financial position, changes in net assets, or cash flows of World Institute on Disability.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimus cost rate?
World Institute on Disability has a negotiated indirect cost rate agreement (NICRA) with theU.S. Department of Health and Human Services. The Organization applies this negotiated rate to applicable federal awards in accordance with the terms of the agreement. The Organization has not elected to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
Title: NOTE 4 – PASS-THROUGH ENTITIES
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (the “Schedule”) presents the federal award activity of World Institute on Disability 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 the 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 World Institute on Disability, it is not intended to and does not present
the financial position, changes in net assets, or cash flows of World Institute on Disability.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimus cost rate?
Pass-through entity identifying numbers are presented where available.