Notes to SEFA
Accounting Policies: The accompanying Schedule of Expenditures of Federal and State Awards (the "Schedule") includes the federal award activity of Glide Foundation ("GLIDE") has been prepared in accordance with the guidance contained in Title 2. U.S. Code of Federal Regulations ("CFR")
Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements forFederal Awards ("Uniform Guidance") and the Audit Guide for Audits of Child Development and Nutrition Programs issued by the California Department of Education. The purpose of the
Schedule is to present a summary of those activities of the GLIDE for the year ended June 30, 2023, which have been financed by federal and state awards. Because the Schedule presents only the federal and state awards activity of GLIDE, it is not intended to, and does not present the
financial position, change in net assets, or cash flows of GLIDE.
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 limited as to reimbursement. Passthrough entity identifying numbers are presented where available and applicable.
De Minimis Rate Used: N
Rate Explanation: GLIDE has elected to not use the 10% de minimis indirect cost rate for federal awards. GLIDE applies indirect costs in accordance with the specific terms of its federal award agreements.