Notes to SEFA
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the federal grant activity of the United Nations Foundation, Inc. (the Foundation) and is presented on the accrual basis of accounting. The accompanying schedule of expenditures of federal awards is presented for purposes of additional analysis as required by Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance) and is not a required part of the financial statements. Because the Schedule presents only a portion of the operations of the Foundation, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of the basic financial statements. The Foundation applies indirect cost rates consistent with the terms of specific awards rather than the 10% de minimis cost rate as described in Section 200.414 of the Uniform Guidance.For purposes of the Schedule, federal awards include all grants, contracts, and similar agreements entered into directly between the Foundation and agencies and departments of the federal government and all sub-awards to the Foundation by nonfederal organizations pursuant to federal grants, contracts and similar agreements. Pass-through numbers and CFDA numbers are presented where available.
De Minimis Rate Used: N
Rate Explanation: The Foundation applies indirect cost rates consistent with the terms of specific awards rather than the 10% de minimis cost rate as described in Section 200.414 of the Uniform Guidance.