Notes to SEFA
The accompanying schedule of federal awards includes the federal grant activity of National Arbor Day Foundation d/b/a Arbor Day Foundation and is presented on the accrual basis of accounting. Grant awards are considered expended when the expense transactions associated with the grant occur. 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 preparation of, the basic consolidated financial statements.
The National Arbor Day Foundation d/b/a Arbor Day Foundation provided federal awards to subrecipients as presented in the schedule
The National Arbor Day Foundation d/b/a Arbor Day Foundation has elected to use an indirect cost rate, as allowed in the Uniform Guidance, 2CFR 200.414. Effective October 1, 2024, the de minimis cost rate as allowed by the Uniform Guidance, increased from ten percent to fifteen percent. The National Arbor Day Foundation d/b/a Arbor Day Foundation continued using a ten percent indirect cost rate based on the date the grants were awarded.