Notes to SEFA
Title: Note 3 - Subrecipients
Accounting Policies: Note 1 - Basis of Presentation - The accompanying schedule of expenditures of federal awards includes the federal grant activity of HIRED and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of the Uniform Guidance in 2 CFR 200, Audits of States, Local Governments and Nonprofit Organizations. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the financial statements.
De Minimis Rate Used: N
Rate Explanation: Note 2 - Indirect Cost Rate - HIRED did not elect to use the 10% de minimis cost rate for indirect (F&A) costs.
HIRED did not pass any federal funds to subrecipients during FY 2023.