FAC Explorer

Audit 13427

FY End
2023-08-31
Total Expended
$781,727
Findings
0
Programs
2
Organization: Friends of the Children - Chicago (IL)
Year: 2023 Accepted: 2024-01-24
Auditor: Hoffman Stewart & Schmidt PC

Organization Exclusion Status:

Findings

No findings recorded

Programs

ALN Program Spent Major Findings
21.027 Coronavirus State and Local Fiscal Recovery Funds $305,280 Yes 0
16.726 Juvenile Mentoring Program $30,000 - 0

Contacts

Name Title Type
Q61NVTL1A2K5 Leslie Levy Auditee
7733598159 Todd Massinger Auditor
No contacts on file

Notes to SEFA

Title: Basis of Presentation Accounting Policies: The SEFA is presented using the accrual basis of accounting. Expenditures reported on the SEFA are recognized following the cost principles in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. De Minimis Rate Used: Y Rate Explanation: Friends of the Children - Chicago has elected to use the 10 percent de minimis indirect cost rate. The SEFA is presented using the accrual basis of accounting.
Title: Expenditures Accounting Policies: The SEFA is presented using the accrual basis of accounting. Expenditures reported on the SEFA are recognized following the cost principles in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. De Minimis Rate Used: Y Rate Explanation: Friends of the Children - Chicago has elected to use the 10 percent de minimis indirect cost rate. Expenditures are recognized following the cost principles in the Uniform Guidance.