Notes to SEFA
Title: Note 2. Reconciliation of Schedule of Expenditures of Federal Awards to Financial Statements
Accounting Policies: Note 1. Basis of Presentation
The accompanying schedule of expenditures of federal awards (the Schedule) presents the expenditures incurred by The Brookings Institution (Brookings) in connection with its federally sponsored programs for the year ended June 30, 2023. This Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles and Audit Requirements for Federal Awards (Uniform Guidance).
For purposes of the Schedule, federal awards include all grants, contracts and other financial assistance entered into directly between Brookings and agencies and departments of the federal government, as well as pass-through subawards from nonfederal organizations made under federally sponsored agreements.
Brookings had no amounts provided to subrecipients for the year ended June 30, 2023.
De Minimis Rate Used: N
Rate Explanation: Brookings has a negotiated indirect cost rate agreement with the U.S. Department of Health and Human Services. As such, Brookings does not use or is eligible to use the 10% de minimis option of the Uniform Guidance.
Federal grants and contracts are shown as unrestricted grants and contracts in the accompanying statement of activities. Below is a reconciliation to show how the Schedule agrees with the statement of activities: See the Notes to the SEFA for chart/table
Title: Note 3. Indirect Rate
Accounting Policies: Note 1. Basis of Presentation
The accompanying schedule of expenditures of federal awards (the Schedule) presents the expenditures incurred by The Brookings Institution (Brookings) in connection with its federally sponsored programs for the year ended June 30, 2023. This Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles and Audit Requirements for Federal Awards (Uniform Guidance).
For purposes of the Schedule, federal awards include all grants, contracts and other financial assistance entered into directly between Brookings and agencies and departments of the federal government, as well as pass-through subawards from nonfederal organizations made under federally sponsored agreements.
Brookings had no amounts provided to subrecipients for the year ended June 30, 2023.
De Minimis Rate Used: N
Rate Explanation: Brookings has a negotiated indirect cost rate agreement with the U.S. Department of Health and Human Services. As such, Brookings does not use or is eligible to use the 10% de minimis option of the Uniform Guidance.
Brookings has a negotiated indirect cost rate agreement with the U.S. Department of Health and Human Services. As such, Brookings does not use or is eligible to use the 10% de minimis option of the Uniform Guidance.