Notes to SEFA
Accounting Policies: The accompanying schedule of expenditures of federal awards (the "Schedule") includes the federal award activity of Goodwill Industries of San Francisco, San Mateo and Marin Counties Inc., Goodwill Industries of the Greater East Bay, Inc., and Goodwill of the San Francisco Bay(collectively "Goodwill") under programs of the federal government for the periods July 1, 2021 through November 30, 2021 (Goodwill Industries of San Francisco, San Mateo and Marin Counties Inc.), January 1, 2021 through November 30, 2021 (Goodwill Industries of the Greater East Bay, Inc.) and December 1, 2021 through June 30, 2022 (Goodwill of the San Francisco Bay), respectively. 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). Because the Schedule presents only a selected portion of the operations of the Goodwill, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the Goodwill. Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or limited as to reimbursement. Passthrough entity identifying numbers are presented where available and applicable.
De Minimis Rate Used: N
Rate Explanation: Goodwill has elected to not use the 10% de minimis indirect cost rate for federal awards.Goodwill applies indirect costs in accordance with the specific terms of its federal awardagreements.