Notes to SEFA
The accompanying SEFA includes the federal grant activity of United Way of Northern Utah and is presented on the accrual basis of accounting, consistent with the organization’s financial statements.
Expenditures are recognized when the underlying activity occurs. For cost-reimbursement grants, expenditures are reported when eligible costs are incurred. Subrecipient amounts are recognized when disbursed.
United Way of Northern Utah has elected to use the 10% de minimis indirect cost rate allowed under 2 CFR 200.414(f) because it has never received a negotiated rate and seeks to reduce administrative burden.
Amounts provided to subrecipients are included in the SEFA and disclosed by federal program.