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
De Minimis Rate Used: N
Rate Explanation: Indirect costs on federal awards for fiscal 2023 were recovered at a maximum provisional rate of 27.6%. Fringe benefits on federal awards are at actual costs.
Indirect costs on state awards are negotiated on a contract by contract basis. Fringe benefit rates and indirect cost rates are subject to periodic approval and negotiation with the Division of Cost Allocation of the Department of Health and Human Services, ETR’s oversight agency. Indirect costs on state awards are negotiated on a contract by contract basis.
The accompanying Schedule of Expenditures of Federal Awards (the “Schedule”) includes the federal award activities of ETR under programs of the federal government for the year ended June 30, 2023. The information in the Schedule is presented in accordance with the requirements of Title 2 of the U.S. Code of Federal Regulations, 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 ETR, it is not intended to and does not present the financial position, changes in net assets, or cash flows of ETR
Title: Related Party Transactions
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
De Minimis Rate Used: N
Rate Explanation: Indirect costs on federal awards for fiscal 2023 were recovered at a maximum provisional rate of 27.6%. Fringe benefits on federal awards are at actual costs.
Indirect costs on state awards are negotiated on a contract by contract basis. Fringe benefit rates and indirect cost rates are subject to periodic approval and negotiation with the Division of Cost Allocation of the Department of Health and Human Services, ETR’s oversight agency. Indirect costs on state awards are negotiated on a contract by contract basis.
The Organization received pass through federal funds from a related party, dfusion. The total amount of related party federal expenditures is $135,133 for the year ended June 30, 2023