Notes to SEFA
The accompanying Schedule of Expenditures of Federal and State Awards (the “Schedule”) presents the activity of all applicable federal and state financial assistance programs of People with Ideas of Love, Liberty, Acceptance and Respect (“PILLAR”). The reporting entity is defined in Note 1 of the basic financial statements. Federal and state awards received directly from awarding agencies, as well as those passed through other governmental entities, are included in the Schedule.
The Schedule is presented in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”), as described in Note 2 to the basic financial statements. The information in this Schedule is presented 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”). Accordingly, certain amounts presented in this Schedule may differ from those presented in, or used in the preparation of, the basic financial statements.
PILLAR has elected not to use the 10% de minimis indirect cost rate as permitted under the Uniform Guidance.