Notes to SEFA
The schedule of expenditures of federal awards includes only the current year federal grant activity of the Organization and is presented on the accrual basis of accounting. This information is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administration Requirements, Cost Principles, and Audit Requirements for Federal Awards. Amounts presented in this schedule as expenditures may differ from amounts presented in, or used in the preparation of, the basic financial statements, although such differences are not material.
The Organization has elected to use the 15% de minimis indirect cost rate allowed under the Uniform Guidance.