Notes to SEFA
The accompanying Schedule of Expenditures of Federal Awards includes the Federal assistance activity of the Institute and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Uniform Guidance, as required by Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. 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.
The Institue utilizes a negotiated indirect cost rate, and as such has not elected to use the 10% de minimis
The Institute is the subrecipient of Federal funds, which are reported as expenditures and listed as Federal pass-through funds. Certain funds are passed through to subrecipients organizations by the Institute. Expenditures incurred by the subrecipient organizations are included in the Schedule when disbursed to the subrecipient.