Notes to SEFA
The accompanying schedule of expenditures of federal awards includes the federal grant activity of Overview, Inc. and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) 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 statements.
The determination of when an award is expended is based on when the activity related to the award occurred.
Overview, Inc. has elected to use the indirect cost rate negotiated with the pass through entity.
Of the federal awards listed, the Agency had no major programs that provided amounts to subrecipients.