Notes to SEFA
Accounting Policies: Basis of Presentation: The accompanying Schedule of Expenditures of Federal Awards (the "Schedule") includes the federal award activity of Association of Universities for Research in Astronomy, Inc. ("AURA") under programs of the federal government for the year ended September 30, 2022 and is presented on the accrual basis of accounting. The information in this 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"), wherein certain types of expenditures are not allowable or are limited as to reimbursement. Program income is reported at gross in the Schedule. Negative amounts shown on the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years. Because the Schedule presents only a selected portion of the operations of AURA, it is not intended to and does not present the financial position, changes in net assets or cash flows of AURA. AURA recognized fixed management fee revenue totaling $614,066 on National Aeronautics and Space Administration ("NASA") contracts NAS5-03127 and NAS5-26555 during the year ended September 30, 2022. Such amounts are excluded from the expenditures presented in the accompanying Schedule. For purposes of the Schedule, federal awards include all grants, contracts, and similar agreements entered into directly between AURA and agencies and departments of the Federal Government and all sub-awards made to AURA by non-federal organizations pursuant to federal grants, contracts and similar agreements. Subrecipients: Certain funds received under federal awards are paid to subrecipient organizations by AURA; these expenditures are presented in the "Provided to Subrecipients" column within the Schedule and are related primarily to research and development awards received from the National Science Foundation ("NSF") and NASA.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.