Notes to SEFA
The accompanying schedule of expenditures of federal awards (the "Schedule") presents the activities in all the federal financial assistance programs of the Organization of Teratology Information Specialists. All financial assistance received directly from federal agencies, as well as financial awards passed through other governmental and nonprofit agencies, are presented on the schedule of expenditures of federal awards. The information in this Schedule is presented in accordance with the requirements of the Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards ("UniformGuidance"). Because the Schedule presents only a selected portion of the operations of the Organization of Teratology Information Specialists, it is not intended to and does not present the financial position, changes in net position, or cash flows of the Organization of Teratology Information Specialists.
Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures arerecognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Therefore, some amounts presented in the Schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements.
The Organization of Teratology Information Specialists has not elected to use the de minimis indirect cost rate allowed under the Uniform Guidance.