Notes to SEFA
Title: LOAN AND LOAN GUARANTEE PROGRAMS
Accounting Policies: BASIS OF PRESENTATION
The accompanying schedule of expenditures of federal awards include the federal grant activity of Sakhi for South Asian Women, Inc. (the Organization) under programs of federal government for the year ended June 30, 2023. The information in the schedule of expenditures of federal awards 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). Therefore, some amounts presented in this schedule may differ in amounts presented in, or used in the preparation of, the financial statements.
SUBRECIPEINTS
During the year ended June 30, 2023, the Organization did not provide any funds relating to their federal programs to subrecipients.
De Minimis Rate Used: Y
Rate Explanation: The Organization used the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.
As of June 30, 2023, the Organization did not have any loan or loan guarantee programs.