Notes to SEFA
General – The accompanying Schedule of Expenditures of Federal Awards presents the activity of all federal programs of NINOS, Inc. (a nonprofit organization).
Basis of Accounting – The accompanying Schedule of Expenditures of Federal Awards is presented using the accrual basis of accounting, which is described in Note 1 to the financial statements. All the information presented in the schedule has been prepared in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of the basic financial statement.
Relationship to Federal Financial Reports Basis of Accounting – Amount reported in the accompanying schedule may not agree with the amounts reported in the related Federal financial reports filed with the grantor agencies because of accruals made in the schedule, which will be included in the future report filed with the agencies.
Program Income – As of March 31, 2025, NINOS, Inc. reports $0 in program income based on the requirements presented in 45 CFR 75.307.
Indirect Cost Rate – NINOS, Inc. has elected not to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.