Notes to SEFA
The accompanying schedule of expenditures of federal awards includes the federal grant activity of CAPNA and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirement for Federal Awards (Uniform Guidance). Therefore, some amounts reported in this schedule may differ from amounts presented in, or used in the preparation of, the requests for reimbursement. These differences are temporary in nature and are resolved at the conclusion and final request for reimbursement of each program year. Because the schedule of expenditures of federal awards presents only a selected portion of the operations of CAPNA, it is not intended to, and does not, present the consolidated financial position, changes in net assets or cash flows of CAPNA.
The accompanying schedule of expenditures of federal awards (the Schedule) is prepared 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 (Uniform Guidance), wherein certain types of expenditures are not allowable or are limited as to reimbursement. Expenditures for property and equipment, when applicable, are reported in the period in which the related federal expenditures are incurred. The Organization has elected not to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.