Notes to SEFA
Title: Program Costs
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards is a supplementary schedule to the consolidated financial statements for the year ended June 30, 2022. (a) Basis of PresentationThe accompanying schedule of expenditures of federal awards (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). Because the Schedule presents only a selected portion of the operations of the Organization, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the Organization. (b) Basis of AccountingExpenditures reported on the Schedule are reported on the accrual basis of accounting which is the same basis of accounting as the financial statements. Such expenditures are recognized following the cost principles contained in the Uniform Guidance wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The Organization has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance. Program cost is based on direct cost of expenses specifically associated with the programs.
Expenditures reported on the Schedule represent only the federal grant portion of the program costs. Entire program costs, including the Organizations portion, may be more than shown. Organization records should be consulted to determine amounts expended or matched from non-federal sources.