Notes to SEFA
The accompanying schedule of expenditures of federal awards presents the activity of all federal award programs of the PA Wilds Center for Entrepreneurship, Inc’s federal awards received directly from federal agencies, as well as federal awards passed through government agencies, are included on the schedule.
The accompanying schedule of expenditures of federal awards is presented using the accrual basis of accounting that is described in Note 2 to the financial statements. The PA Wilds Center for Entrepreneurship, Inc. did not use the 10% de minimis indirect cost rate.