Notes to SEFA
Title: NOTE 1 - REPORTING ENTITY 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: THE CENTER HAS ELECTED NOT TO USE THE 10% DE MINIMIS INDIRECT COST RATE.
THE ACCOMPANYING SCHEDULE OF EXPENDITURE OF FEDERAL AWARDS (SCHEDULE) INCLUDES THE FEDERAL GRANT ACTIVITY OF ANGEL OF GOD RESOURCE CENTER, INC. (THE CENTER) UNDER PROGRAMS OF THE FEDERAL GOVERNEMENT FOR THE YEAR ENDED JUNE 30, 2022. THE INFORMATION IN THIS SCHEDULE IS PRESENTED IN ACCORDANCE WITH THE REQUIREMENTS OF TITLE 2 U.S. CODE OF FEDERAL REGULATIONS PART 200, UNIFORM ADMINSITRATIVE REQUIREMENTS FOR FEDERAL AWARDS (UNIFORM GUIDANCE). BECAUSE THIS SCHEUDLE PRESENTS ONLY A SELECTED PORTION OF THE OPEARTIONS OF THE CENTER, IT IS NOT INTENTED TO AND DOES NOT PRESENT THE FINANCIAL POSITION, CHANGES IN NET ASSETS, OR CASH FLOWS OF THE CENTER.
Title: NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
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: THE CENTER HAS ELECTED NOT TO USE THE 10% DE MINIMIS INDIRECT COST RATE.
EXPENDITURES REPORTED ON THE SCHEDULE ARE REPORTED ON THE ACCRUAL BASIS OF ACCOUNTING. SUCH EXPENDITURES ARE RECOGNIZED FOLLOWING THE COST PRINCIPLES COTAINED IN THE UNIFORM GUIDANCE, WHEREIN CERTAIN TYPES OF EXPENDITURES ARE NOT ALLOWABLE OR ARE LIMITED AS TO REIMBURSEMENT.
Title: NOTE 3 - SUB-RECIPIENTS
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: THE CENTER HAS ELECTED NOT TO USE THE 10% DE MINIMIS INDIRECT COST RATE.
THE CENTER DID NOT PROVIDE ANY FEDERAL AWARDS TO SUB-RECIPIENTS DURING THE YEA RENDED JUNE 30, 2022.
Title: NOTE 4. DESCRIPITION OF MAJOR FEDERAL PROGRAMS
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: THE CENTER HAS ELECTED NOT TO USE THE 10% DE MINIMIS INDIRECT COST RATE.
TEEN REACH: THIS PROGRAM'S OBJECTIVES ARE TO PROVIDE AFTER SCHOOL PROGRAM SERVICES TO HIGH-RISK YOUTH BETWEEN THE AGEST OF 6 TO 17, PROVIDING A SAFE ENVIRONMENT WITH CARING ADULT ROLE MODELS THAT WILL WORK WITH YOUTH TO INCREASE ACADEMIC ACHIEVEMENT AND DEVELOP THE LIFE SKILLS NECESSARY FOR FUTURES SUCCESS. SNAP JOB PLACEMENT: THIS PROGRAM'S OBJECTIVES ARE TO PROVIDE EDUCATION AND TRAINING FOR PARTICIPANTS IN THE SNAP PARTICIPANTS TO PROVIDE INDIVIDUALS WITH LIMITED WORK HISTORY AND EXPERIENCE THE SKILLS REQUIRED TO OBTAIN SUFFICIENT EMPLOYMENT THAT THEY MAY LEAVE THE SNAP PROGRAM. IYIP: THIS PROGRAM'S OBJECTIVES ARE TO ASSIST YOUNG INDIVIDUALS BETWEEN THE AGES OF 16 AND 24 TO A LIFE OF INDEPENDENCE AND GAINFUL EMPLOYMENT. ARPA: THIS PROGRAM'S OBJECTIVES ARE TO ASSIST YOUNG INDIVIDUALS BETWEEN THE AGES OF 16 AND 24 TO A LIFE OF INDEPENDENCE AND GAINFUL EMPLOYMENT.
Title: NOTE 5 - NON-CASH ASSISTANCE, INSURANCE, AND LOAN GUARANTEES
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: THE CENTER HAS ELECTED NOT TO USE THE 10% DE MINIMIS INDIRECT COST RATE.
THE CENTER DID NOT RECEIVE ANY NON-CASH ASSISTANCE IN THE CURRENT YEAR. IN ADDITION, THE CENTER HAD NO FEDERAL INSURANCE OR LOAN GUARANTEES IN THE CURRENT YEAR.
Title: NOTE 6 - INDIRECT COSTS
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: THE CENTER HAS ELECTED NOT TO USE THE 10% DE MINIMIS INDIRECT COST RATE.
THE CENTER HAS ELECTED NOT TO USE THE 10% DE MINIMIS INDIRECT COST RATE.