Notes to SEFA
Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of El Sol under programs of the federal government for the year ended December 31, 2022. The information in this Schedule is presented in on the accrual basis of accounting and in accordance with the requirements of the Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of operations of El Sol, it is not intended to, and does not, present the financial position, changes in net assets, or cash flows of the Organization.
De Minimis Rate Used: N
Rate Explanation: El Sol has elected not to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.