Notes to SEFA
The accompanying schedule of expenditures of federal awards includes the federal grant activity of Delaware Innovation Space, Inc. and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of the Uniform Guidance. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements.
For the year ended December 31, 2024, Delaware Innovation Space, Inc. did not use an indirect cost rate.