Notes to SEFA
Accounting Policies: The accompanying schedule of expenditures of federal awards and state financial assistance (the “Schedule”) includes the federal and state award activity of Boys and Girls Clubs of Broward County, Inc. under programs of the federal and state government for the year ended June 30, 2023. 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) and Chapter 10.650, Rules of the Florida Auditor General. Because the Schedule presents only a selected portion of the operations of Boys and Girls Clubs of Broward County, Inc., it is not intended to and does not present the financial position, changes in net assets or cash flows of Boys and Girls Clubs of Broward County, Inc. 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 and Chapter 10.650, Rules of the Florida Auditor General, wherein certain types of expenditures are
not allowable or are limited as to reimbursement. Boys and Girls Clubs of Broward County, Inc. has not awarded any amounts to sub‐recipients.
De Minimis Rate Used: N
Rate Explanation: Boys and Girls Clubs of Broward County, Inc. has elected not to use the 10‐percent de minimis indirect cost rate allowed under the Uniform Guidance.