Notes to SEFA
Title: Basis of presentation
Accounting Policies: Expenditures reported on the schedule of expenditures of federal awards are reported on the accrual basis of accounting. Such expenditures are recognized following the costs principles contained in Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance), wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: For All Seasons, Inc. has not elected to use the 10% de minimus indirect cost rate as allowed under the Uniform Guidence.
The accompanying schedule of expenditures of federal awards includes the federal grant activity of
For All Seasons, Inc. and is presented on the accrual basis of accounting. The information in this
schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations
(CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for
Federal Awards (Uniform Guidance). Therefore, some amounts presented in this schedule may differ
from amounts presented in, or used in the preparation of the financial statements.
Title: Federal Assistance Listing Numbers
Accounting Policies: Expenditures reported on the schedule of expenditures of federal awards are reported on the accrual basis of accounting. Such expenditures are recognized following the costs principles contained in Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance), wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: For All Seasons, Inc. has not elected to use the 10% de minimus indirect cost rate as allowed under the Uniform Guidence.
The Federal Assistance Listing numbers or other identifying numbers listed on the Schedule of Expenditures of Federal Awards were obtained from the respective grant/contract agreements.