Title: NOTE 1 – BASIS OF PRESENTATION
Accounting Policies: NOTE 1 – BASIS OF PRESENTATION, NOTE 2 – INDIRECT COST RATE, NOTE 3 – LOAN/LOAN GUARANTEE OUTSTANDING BALANCES, NOTE 4 – NONCASH ASSISTANCE AND OTHER, NOTE 5 – CONTINGENCIES, NOTE 6 – FEDERAL PASS-THROUGH ENTITIES
De Minimis Rate Used: N
Rate Explanation: The Uniform Guidance allows an organization to elect a 10% de minimums indirect cost rate. During the year ended June 30, 2023, the Organization did not elect to use the allowed 10% indirect cost rate.
The accompanying schedule of expenditures of federal awards includes the federal spending United Way of North Central Florida, Inc. (the "Organization') 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 ofFederal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform guidance). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements. Because the schedule presents only a selected portion of the operations of the Organization,
it is not intended to and does not represent the financial position of the Organization.
Title: NOTE 2 – INDIRECT COST RATE
Accounting Policies: NOTE 1 – BASIS OF PRESENTATION, NOTE 2 – INDIRECT COST RATE, NOTE 3 – LOAN/LOAN GUARANTEE OUTSTANDING BALANCES, NOTE 4 – NONCASH ASSISTANCE AND OTHER, NOTE 5 – CONTINGENCIES, NOTE 6 – FEDERAL PASS-THROUGH ENTITIES
De Minimis Rate Used: N
Rate Explanation: The Uniform Guidance allows an organization to elect a 10% de minimums indirect cost rate. During the year ended June 30, 2023, the Organization did not elect to use the allowed 10% indirect cost rate.
The Uniform Guidance allows an organization to elect a 10% de minimums indirect cost rate. During the year ended June 30, 2023, the Organization did not elect to use the allowed 10% indirect cost rate.
Title: NOTE 3 – LOAN/LOAN GUARANTEE OUTSTANDING BALANCES
Accounting Policies: NOTE 1 – BASIS OF PRESENTATION, NOTE 2 – INDIRECT COST RATE, NOTE 3 – LOAN/LOAN GUARANTEE OUTSTANDING BALANCES, NOTE 4 – NONCASH ASSISTANCE AND OTHER, NOTE 5 – CONTINGENCIES, NOTE 6 – FEDERAL PASS-THROUGH ENTITIES
De Minimis Rate Used: N
Rate Explanation: The Uniform Guidance allows an organization to elect a 10% de minimums indirect cost rate. During the year ended June 30, 2023, the Organization did not elect to use the allowed 10% indirect cost rate.
The Organization did not have any federal loans or loan guarantees outstanding during the year ended June 30, 2023.
Title: NOTE 4 – NONCASH ASSISTANCE AND OTHER
Accounting Policies: NOTE 1 – BASIS OF PRESENTATION, NOTE 2 – INDIRECT COST RATE, NOTE 3 – LOAN/LOAN GUARANTEE OUTSTANDING BALANCES, NOTE 4 – NONCASH ASSISTANCE AND OTHER, NOTE 5 – CONTINGENCIES, NOTE 6 – FEDERAL PASS-THROUGH ENTITIES
De Minimis Rate Used: N
Rate Explanation: The Uniform Guidance allows an organization to elect a 10% de minimums indirect cost rate. During the year ended June 30, 2023, the Organization did not elect to use the allowed 10% indirect cost rate.
The Organization did not receive any noncash assistance of federal funded insurance during the year ended June 30, 2023.
Title: NOTE 5 – CONTINGENCIES
Accounting Policies: NOTE 1 – BASIS OF PRESENTATION, NOTE 2 – INDIRECT COST RATE, NOTE 3 – LOAN/LOAN GUARANTEE OUTSTANDING BALANCES, NOTE 4 – NONCASH ASSISTANCE AND OTHER, NOTE 5 – CONTINGENCIES, NOTE 6 – FEDERAL PASS-THROUGH ENTITIES
De Minimis Rate Used: N
Rate Explanation: The Uniform Guidance allows an organization to elect a 10% de minimums indirect cost rate. During the year ended June 30, 2023, the Organization did not elect to use the allowed 10% indirect cost rate.
Grant monies received and disbursed by the Organization are for specific purposes and are subject to review by the grantor agencies. Such audits may result in requests for reimbursement due to disallowed expenditures. At June 30, 2023 and 2022, the Organization has recorded an accounts payable due to the Florida Department of Children and Families of $0 and $305,172, respectively, for disallowed expenditures. The Organization also submitted $0 and $60,000 respectively, for reimbursement during the year ended June 30, 2023 and 2022 that was not approved for reimbursement by the Florida Department of Children and Families. Both of these amounts have been excluded from the Schedule of
Expenditures of Federal Awards for the year ended June 30, 2023 and 2022.
Title: NOTE 6 – FEDERAL PASS-THROUGH ENTITIES
Accounting Policies: NOTE 1 – BASIS OF PRESENTATION, NOTE 2 – INDIRECT COST RATE, NOTE 3 – LOAN/LOAN GUARANTEE OUTSTANDING BALANCES, NOTE 4 – NONCASH ASSISTANCE AND OTHER, NOTE 5 – CONTINGENCIES, NOTE 6 – FEDERAL PASS-THROUGH ENTITIES
De Minimis Rate Used: N
Rate Explanation: The Uniform Guidance allows an organization to elect a 10% de minimums indirect cost rate. During the year ended June 30, 2023, the Organization did not elect to use the allowed 10% indirect cost rate.
The Organization is also the sub-recipient of federal funds that have been subjected to testing and are reported as expenditures and listed as federal pass-through funds. Federal awards other than those indicated as pass-through are considered to be direct.