Notes to SEFA
The Schedule of Expenditures of Federal Awards (Schedule) is prepared on the accrual basis of accounting. The information in the 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). Some amounts presented in the Schedule may differ from amounts presented in, or used in the preparation of, the general purpose financial statements.
Expenditures reported on the Schedule are recognized following, as applicable, either the cost principles in OMB Circular A-122, Cost Principles for Non-Profit Organizations, or the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. The Organization has elected not to use the 15% de minimis indirect cost rate allowed under the Uniform Guidance and continues to use the cost allocation plan negotiated individually with its grantors, as applicable.