Notes to SEFA
Title: BASIS OF PRESENTATION
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Pass-through entity identifying numbers are presented where available. In some cases, activity may result in a net negative amount due to reasons such as a return of unexpended funds from a prior year or a reallocation of such funds to the current year award or the return of the indirect costs charged based on final rates being lower than the provisional billed rates.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The accompanying schedule of Expenditures of Federal Awards (the Schedule) includes the federal grant activity of Lutheran Immigration and Refugee Service, Inc. (LIRS). The information in this 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). Because the Schedule presents only a selected portion of the operations of LIRS, it is not intended to and does not present the financial position, changes in net assets, or cash flows of LIRS.Amounts provided to subrecipients shown separately on the schedule of expenditures of federal awards are also a component of the federal expenditures presented.