Notes to SEFA
The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of NDRI -Ventures, 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 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 the amounts presented in, or used in the preparation of, the basic financial statements.
The program titles and Assistance Listing numbers (ALN) were obtained from the federal grantor or the Catalog of Federal Domestic Assistance.
NDRI - Ventures, Inc., uses its negotiated indirect rates instead of the 10% de minimis rate allowed by the Uniform Guidance.