Notes to SEFA
Title: Expenditures
Accounting Policies: The accompanying schedule of expenditures of federal awards (the schedule) includes the federal award activity of The Salvation Army Quad Cities (the Army) and is presented on the accrual basis of accounting.
De Minimis Rate Used: Y
Rate Explanation: The Army has elected to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance
Certain expenditures of federal funds are not separately identifiable in the accounting records of the Army. These programs are jointly funded with Army monies and are not required to be accumulated in the accounting records by funding source.
Title: Program Activity
Accounting Policies: The accompanying schedule of expenditures of federal awards (the schedule) includes the federal award activity of The Salvation Army Quad Cities (the Army) and is presented on the accrual basis of accounting.
De Minimis Rate Used: Y
Rate Explanation: The Army has elected to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance
Various reimbursement procedures are used for federal awards received by the Army. Additionally, the federal grant periods vary, while the Army’s year end is September 30. Consequently, timing differences between expenditures and program reimbursement might exist at the beginning and end of the year. These timing differences will be resolved over the term of the grant period