Notes to SEFA
The accompanying schedule of expenditures of federal awards is presented on the accrual basis of accounting. Consequently, amounts are recorded as expenditures when the obligations are incurred.
All federal grant operations of Institute for Strategic Dialogue-US (ISD-US) are included in the scope of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (the Single Audit or Uniform Guidance). The Single Audit was performed in accordance with the provisions of the OMB Compliance Supplement (the Compliance Supplement). Compliance testing of all applicable requirements, as described in the Compliance Supplement, was performed for the major grant program noted below. The programs on the schedule of expenditures of federal awards represent all federal award programs and other grants with fiscal year 2024 cash or non-cash expenditure activities. For our single audit testing, we tested federal award programs with 2024 cash and non-cash expenditures to ensure coverage of at least 40% of federally granted funds. Our actual coverage was 44%. Expenditures reported on the Schedule of Expenditures of Federal Award (the Schedule) are recognized following Uniform Guidance, where in certain types of expenditures are not allowable or are limited as to disbursement. ISD-US has elected to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance.