Notes to SEFA
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of Solid Ground Washington and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of the Uniform Guidance. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic consolidated financial statements.
De Minimis Rate Used: N
Rate Explanation: Solid Ground Washington has a negotiated indirect cost rate for use on federal grants and contracts. For 2022, the provisional rate is 14.40%, based on total direct costs excluding capital expenditures, rental assistance, subawards and flow-through funds. As such, Solid Ground Washington is not eligible to elect use of the 10% de minimis indirect cost rate.