Notes to SEFA
Title: Basis of Presentation
Accounting Policies: Expenditures reported in the Schedule are reported on an accrual basis of accounting. Such expendituresare recognized following the cost principles contained in the Uniform Guidance, wherein certain types ofexpenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate.
The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the federalgrant activity of Resilience under programs of the federal government for the year ended June 30, 2022.The information in this schedule is presented in accordance with requirements of the Title 2 U.S. Code ofFederal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and AuditRequirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selectedportion of the operations of Resilience, it is not intended to and does not present the financial position,changes in net assets, or cash flows of the Organization.
Title: Subrecipients
Accounting Policies: Expenditures reported in the Schedule are reported on an accrual basis of accounting. Such expendituresare recognized following the cost principles contained in the Uniform Guidance, wherein certain types ofexpenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate.
There were no awards passed through to subrecipients for the year ended June 30, 2022.
Title: Other
Accounting Policies: Expenditures reported in the Schedule are reported on an accrual basis of accounting. Such expendituresare recognized following the cost principles contained in the Uniform Guidance, wherein certain types ofexpenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate.
Resilience did not have any outstanding federal loans or loan guarantees as of June 30, 2022. Resiliencedid not receive any federal noncash awards or insurance assistance for reimbursement losses during theyear ended June 30, 2022.