Notes to SEFA
Title: NOTE 1 - BASIS OF PRESENTATION
Accounting Policies: Basis of Presentation: The accompanying schedule of expenditures of federal awards includes the federal grant activity of Oregon Impact and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200m Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance).
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the deminimum cost rate.
Basis of Presentation: The accompanying schedule of expenditures of federal awards includes the federal grant activity of Oregon Impact and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200m Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance).
Title: NOTE 2 - ASSISTANCE LISTING PROGRAMS
Accounting Policies: Basis of Presentation: The accompanying schedule of expenditures of federal awards includes the federal grant activity of Oregon Impact and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200m Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance).
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the deminimum cost rate.
The program titles and Assistance Listing ("AL") numbers were obtained from the federal or pass-through grantor or sam.gov.
Title: NOTE 3 - MAJOR AND NONMAJOR FEDERAL FINANCIAL ASSISTANCE PROGRAMS
Accounting Policies: Basis of Presentation: The accompanying schedule of expenditures of federal awards includes the federal grant activity of Oregon Impact and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200m Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance).
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the deminimum cost rate.
Federal financial assistance programs with identical assistance listing (AL) numbers are combined in determining whether the programs are major or nonmajor. Type A major federal financial assistance programs are those with combined expenditures of $750,000 or more during a fiscal year. Type B nonmajor federal financial assistance programs are those with combined expenditures of less than $750,000 during a fiscal year.
Title: NOTE 4 - INDIRECT COST RATE
Accounting Policies: Basis of Presentation: The accompanying schedule of expenditures of federal awards includes the federal grant activity of Oregon Impact and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200m Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance).
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the deminimum cost rate.
The Organization has elected not to use the ten percent (10%) de-minimis indirect cost rate provision.