Notes to SEFA
Title: Note 1 Basis of Presentation
Accounting Policies: Expenditures are recognized following the cost principles contained in Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Pass-through entity identifying numbers are presented where available.
De Minimis Rate Used: Y
Rate Explanation: The Organization has elected to use the 10 percent, or less de minimis indirect cost rate to recover indirect costs, as allowed under the Uniform Guidance.
The accompanying Schedule of Expenditures of Federal Awards includes the federal grant
activity of Positive Education Program, Inc. and is presented on the accrual basis of
accounting. The information in this schedule is presented in accordance with the
requirements of the Uniform Guidance, Audits of States, Local Governments, and Non-
Profit Organizations. Therefore, some amounts presented in this schedule may differ from
amounts presented in, or used in the preparation of, the basic financial statements.
Title: Note 2 Summary of Signficant Accounting Policies
Accounting Policies: Expenditures are recognized following the cost principles contained in Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Pass-through entity identifying numbers are presented where available.
De Minimis Rate Used: Y
Rate Explanation: The Organization has elected to use the 10 percent, or less de minimis indirect cost rate to recover indirect costs, as allowed under the Uniform Guidance.
Expenditures are recognized following the cost principles contained in Title 2 U.S. Code of
Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and
Audit Requirements for Federal Awards, wherein certain types of expenditures are not
allowable or are limited as to reimbursement. Pass-through entity identifying numbers are
presented where available.
Title: Note 3 Indirect Cost Rate
Accounting Policies: Expenditures are recognized following the cost principles contained in Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Pass-through entity identifying numbers are presented where available.
De Minimis Rate Used: Y
Rate Explanation: The Organization has elected to use the 10 percent, or less de minimis indirect cost rate to recover indirect costs, as allowed under the Uniform Guidance.
The Organization has elected to use the 10 percent, or less de minimis indirect cost rate to
recover indirect costs, as allowed under the Uniform Guidance.