Notes to SEFA
The accompanying schedule of expenditures of federal awards (the “Schedule”) includes the federal grant activity of Association for the Advancement of International Education, Inc., and is presented on the accrual basis of accounting, which is the same basis used to prepare the consolidated financial statements. The information in this schedule is presented in accordance with the requirements of Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance).
The Organization did not elect to use the 10% indirect cost rate.
The below schedule reconciles the total federal awards presented in the statement of activities to the expenditures within the schedule of expenditures of federal awards. Federal Grants per Statement of Activities $ 1,028,078 Less: Other Reconciling Items - Total Federal Expenditure per SEFA $ 1,028,078