Notes to SEFA
Title: BASIS OF PRESENTATION
Accounting Policies: 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 are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: HIAS has elected not to use the 10% de minimis cost rate provided for in Subpart E, Section 200.414 of the Uniform Guidance.
The accompanying schedule of expenditures of federal awards (the Schedule) for the year ended December 31, 2022 includes the federal grant activity of HIAS, Inc. and related entities, (collectively, HIAS). The information in this Schedule 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). Because the Schedule presents only a selected portion of the operations of HIAS, it is not intended to and does not present the financial position, changes in net assets, or cash flows of HIAS.
Title: CONTINGENCIES
Accounting Policies: 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 are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: HIAS has elected not to use the 10% de minimis cost rate provided for in Subpart E, Section 200.414 of the Uniform Guidance.
Financial awards from federal governments in the forms of grants are subject to special audits. Such audits could result in claims against HIAS for disallowed costs or noncompliance with grantor restrictions. No provision has been made for any liabilities that may arise from any such audits.
Title: SUBSEQUENT EVENTS
Accounting Policies: 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 are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: HIAS has elected not to use the 10% de minimis cost rate provided for in Subpart E, Section 200.414 of the Uniform Guidance.
HIAS evaluated its December 31, 2022 Schedule for subsequent events through October 2, 2023, the date the Schedule was available to be issued. HIAS is not aware of any subsequent events which would require recognition or disclosure in the Schedule.