Notes to SEFA
Title: 2.Summary of Significant Accounting Policies
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (the Schedule) has been prepared for the purpose of presenting a summary of the federal award expenditures of Plan International USA, Inc. (Plan) for the year ended June 30, 2022. Since the Schedule presents only a selected portion of the activities of Plan, it is not intended to, and does not present the financial position, changes in net assets or cash flows of Plan. Negative amounts represent adjustments, in the normal course of the grant closeout process, to grant expenditures reported on a prior years Schedule of Expenditures of Federal Awards. CFDA numbers and pass-through numbers are provided when available.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The accounting principles followed by Plan in preparing the accompanying Schedule are as follows: Expenditures for direct costs are recognized as incurred using the accrual method of accounting.Amounts remitted to overseas offices of Plan are recorded as expenditures in the period expended by the field offices.Plan applies its predetermined approved overhead rate when charging indirect costs to federal awards rather than the 10% de minimis cost rate as described in Section 200.414 of the Uniform Guidance. Indirect costs allocated to such awards for the year ended June 30, 2022 were based on predetermined rates negotiated with the organizations cognizant federal agency, the United States Agency for International Development.
Title: 3.Expenditures to Related Parties
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (the Schedule) has been prepared for the purpose of presenting a summary of the federal award expenditures of Plan International USA, Inc. (Plan) for the year ended June 30, 2022. Since the Schedule presents only a selected portion of the activities of Plan, it is not intended to, and does not present the financial position, changes in net assets or cash flows of Plan. Negative amounts represent adjustments, in the normal course of the grant closeout process, to grant expenditures reported on a prior years Schedule of Expenditures of Federal Awards. CFDA numbers and pass-through numbers are provided when available.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
Plan International USA, Inc. (Plan) is an independent, non-profit organization incorporated in theState of New York. It was founded in 1937 as Foster Parents' Plan for Spanish Children, Inc. forthe purpose of seeking contributions to provide material aid and services to children, their familiesand communities. Plan is part of a global organization that advances girls rights while working withgirls, boys, young people, their communities, our supporters and partners to make change acrossmore than 75 countries. Plan provides the tools girls, young people and communities need to make vital changes that tackle the root causes of gender inequality; to drive change in practice and policy at local, national and global levels; to prepare girls and communities for and be able to respond to crises and to overcome adversity; and to support the safe and successful progression of children from birth to adulthood. Additionally, Plan assists sponsors in developing meaningful relationships with their sponsored children and families, and helps to foster an understanding of lived realities around the world. Plan is the United States member organization of Plan International, Inc. (PII).During the year ended June 30, 2022, $11,532,914 of the expenditures to subrecipients disclosed on the Schedule of Expenditures of Federal Awards, were passed through to our related party, PII, as described above. Given our federated organizational structure, the costs incurred through PII are direct costs of the federal awards which have been reported as subrecipient expenditures herein for disclosure purposes.