Notes to SEFA
Accounting Policies: 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 are limited as to reimbursement. There are no pass-through entity expenditures.
De Minimis Rate Used: N
Rate Explanation: The Organization has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance. The Organization has a negotiated administrative and fringe benefits rate with the government. The provisional rates approved by the U.S. Department of State for the year end December 31, 2022 was 79.88% of modified total direct costs for the year ended 2022 until amended or finalized by the U.S. Department of State.