Notes to SEFA
(1) Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in OMB Circular A-122, Cost Principles for Non-profit Organizations, wherein certain types of expenditures are not allowable or are limited as to reimbursement. (2) Pass-through entity identifying numbers are presented where available.
Federal financial assistance revenues are reported in the Organization’s financial statements as follows: Grants from Government Agencies (Revenues) $ 1,167,407 Timing Differences on Advances and Expenses (85,507) Federal Financial Assistance per Accompanying Schedule of Expenditures of Federal Awards $ 1,081,900
The Organization has elected to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.