Notes to SEFA
Accounting Policies: BASIS OF PRESENTATIONThe accompanying SEFA is presented using the accrual basis of accounting, which is described in Note 1 of the financial statements. The information in the SEFA is presented in accordance with regulations of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards.3. SINGLE AUDIT PERIODThe accompanying SEFA presents disbursement of the Organizations programs for the year ended June 30, 2022.4. INDIRECT COST RATEThe Organization elected to use the 10% de minimis cost rate covered under Title 2 U.S. Code of Federal Regulations Part 200, Subpart E, Cost Principles for two of its grants (Training and Information for Parents of Children with Disabilities, and Center for Parent Information and Resources). No other grants included cost recovery for indirect costs.
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate.