Notes to SEFA
Title: Major Federal Programs
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 has not elected to use the 10% de minimis indirect cost rate.
An extensive compliance test, as required by Title 2 U.S. Code of Federal Regulations (CFR) part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance) was performed on the Foster Care - Title IV-E, which represent 86% of the total expenditures reflected on the Schedule of Expenditures of Federal Awards. Foster Care - Title-IV-E exceeded $308,302, and, therefore, represent the only program to which the specific compliance requirements must be tested.