Notes to SEFA
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in Uniform Guidance, Cost Principles for Non-profit Organizations, wherein certain types of expenditures are not allowable or are limited as to reimbursements. Pass-through amounts, programs, agencies and entity identifying numbers are presented where available.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.During the year ended December 31, 2022 and 2021, the Organization had indirect costs rates of 17.20% and 17.20%, respectively, of total direct costs. These rates were approved by its cognizant agency and a new rate, 17.20% of total direct costs was approved for year end December 31, 2022