Notes to SEFA
The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the Federal grant activity of Internews Network under programs of the U.S. Government for the year ended December 31, 2024. The information in the 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). The schedule presents only a selected portion of the operations of Internews Network; accordingly, it is not intended to and does not present the financial position, change in net assets or cash flows of Internews Network.
Expenditures reported on 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 (Uniform Guidance), wherein certain types of expenditures are not allowable or are limited as to reimbursement. Negative amounts shown on the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years. Internews Network has elected not to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance.
Expenditures per the Schedule of Expenditures of Federal Awards $ 106,560,162 Non-Federal awards and fee for service arrangements 511,255 GOVERNMENT AWARDS WITHOUT DONOR RESTRICTIONS PER CONSOLIDATED STATEMENT OF ACTIVITIES $ 107,071,417