Notes to SEFA
Accounting Policies: The accompanying Schedule of Expenditures of Federal and New York State Awards (the Schedule)presents the Federal and New York state grant expenditures of the Foundation for AIDS Research(amfAR) and was prepared on the accrual basis of accounting. The information in this Schedule ispresented in accordance with the provisions of the Title 2 U.S. Code of Federal Regulations Part 200,Uniform Administrative Requirements, Cost Principles, and Audit Requirement for Federal Awards(Uniform Guidance). Therefore, some amounts presented in this Schedule may differ from amountspresented in, or used in the preparation of, the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: amfAR has elected not to use the 10-percent de minimis indirect cost rate allowed under Uniform Guidance.