Notes to SEFA
Title: Relationship to Financial Statements
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.
De Minimis Rate Used: N
Rate Explanation: The Organization did not elect the 10% de minimus indirect cost rate because they only request direct costs for reimbursement.
Federal grants proceeds reported in Statement of Activities $6,599,619. Total Expenditures of Federal Awards $6,599,619.
Title: Subreceipients
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.
De Minimis Rate Used: N
Rate Explanation: The Organization did not elect the 10% de minimus indirect cost rate because they only request direct costs for reimbursement.
The organization did not have any subrecipients of federal grants for the fiscal year.