Notes to SEFA
Accounting Policies: Note 1 Basis of Presentation - The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity ofCode.org under programs of the federal government for the year ended December 31, 2022. The information in this Schedule is presented 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). Because the Schedule presents only a selected portion of the operations of Code.org, it is not intended to and does not present the financial position, activities and changes in net assets, functional expenses, or cash flows of Code.org. Note 2 Summary of Significant Accounting Policies Expenditures - Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Indirect Cost Rates Code.org has elected to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate.