Notes to SEFA
Accounting Policies: NOTE 1 - BASIS OF PRESENTATION - The accompanying schedule of expenditures of federal awards (the Schedule) presents the federal grant expenditures of AARP Foundation (the Foundation) for the year ended December 31, 2022. The Schedule was prepared using the accrual basis of accounting and is in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance).
De Minimis Rate Used: N
Rate Explanation: NOTE 2 - INDIRECT COSTS - The Foundation did not utilize the 10% de minimis indirect cost rate described in 2 CFR 200.414, Indirect (F&A) Costs of the Uniform Guidance.