Notes to SEFA
Title: Nonmonetary assistance
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of Computer Science Teachers Association, LLC (CSTA) for the year ended June 30, 2022. The information in this schedule is presented in accordance with the requirements of the Uniform Guidance. Because the schedule presents only a selected portion of the operations of CSTA, it is not intended to and does not present the financial position, changes in net assets, or cash flows of CSTA. Expenditures reported on the schedule of expenditures of federal awards 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. CSTA has elected to use the 10% 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.
CSTA neither received nor disbursed federal awards in the form of nonmonetary assistance for the year ended June 30, 2022.
Title: Insurance and loans or loan guarantees
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of Computer Science Teachers Association, LLC (CSTA) for the year ended June 30, 2022. The information in this schedule is presented in accordance with the requirements of the Uniform Guidance. Because the schedule presents only a selected portion of the operations of CSTA, it is not intended to and does not present the financial position, changes in net assets, or cash flows of CSTA. Expenditures reported on the schedule of expenditures of federal awards 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. CSTA has elected to use the 10% 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.
During the year ended June 30, 2022, CSTA received no loans, loan guarantees, or other federal assistance for the purpose of administering federal programs.