Notes to SEFA
Accounting Policies: The Schedule of Expenditures of Federal Awards (the Schedule) includes the federal cooperative agreementsactivity of the Foundation under programs of the federal government for the year ended September 30, 2022. Theinformation in the Schedule is presented in accordance with the requirements of Title 2 U.S. Code of FederalRegulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for FederalAwards (Uniform Guidance). Therefore, some amounts presented in this Schedule may differ from amountspresented in, or used in the preparation of, the basic financial statements.Expenditures reported in this Schedule are reported on the accrual basis of accounting. Such expenditures arerecognized following the cost principles in the Uniform Guidance, Cost Principles for Non-Profit Organizations,wherein certain types of expenditures are not allowable or are limited as to reimbursement. Pass-through entityidentifying numbers are presented where available.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.