Notes to SEFA
This schedule is prepared on the same basis of accounting as the Organization's financial statements. The Organization uses the accrual basis of accounting as decribed in Note 1 to the financial statements.
The amounts shown as current year expenditures represent only the federal grant portion of the program costs. Entire program costs, including the Organization's portion, are more than shown. Such expenditures are recognized following, as applicable, either the cost principles contained in Title 2 U.S. Code of Federal regulations Part 200, Uniform Guidance Requirements of Cost Principles and Audit Requirements for Federal Awards, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
The Organization has elected to use the 10 percent de minimus indirect cost rate allowed under the Uniform Guidance.