Notes to SEFA
Title: Note 2
Accounting Policies: The Schedule of Expenditures of Federal Awards has been prepared on the accrual basis of accounting. Revenues were adjusted to balance the expenditures incurred for each project.
De Minimis Rate Used: N
Rate Explanation: The Organization did not elect to use the de-minimis 10% indirect cost rate.
An extensive compliance test, as required by the Uniform Guidance, was performed on the Temporary Assistance for Needy Families Program, which represents 21% of the total expenditures reflected on the Schedule of Expenditures of Federal Awards. The Temporary Assistance for Needy Families Program exceeds $724,912 and, therefore, represents the program to which the specific compliance requirements must be applied.
Title: Note 3
Accounting Policies: The Schedule of Expenditures of Federal Awards has been prepared on the accrual basis of accounting. Revenues were adjusted to balance the expenditures incurred for each project.
De Minimis Rate Used: N
Rate Explanation: The Organization did not elect to use the de-minimis 10% indirect cost rate.
The Temporary Assistance for needy Families' deferred revenue amounts include payments received from the performance based portion of the related contracts. The Department of Human Services has not yet defined the life of these performance funds but has restricted their use for the Temporary Assistance for Needy Families. During the current year, $59,820 was charged against the performance based portion of the Temporary Assistance for needy Families.