Notes to SEFA
Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards and U.S. Department of the Treasury’s guidance and FAQs published in the Federal Register, as applicable, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
The Organization elected to use a 10% de minimis indirect cost rate as allowed under the Uniform Guidance, unless otherwise provided by the grant agreement.