Title: NOTE A - BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (the “Schedule”) includes
the federal grant activity of Directions for Living under programs of the federal 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). Because the Schedule presents only a selected portion of the
operations of Directions for Living, it is not intended to and does not present the financial
position, changes in net assets, or cash flows of Directions for Living. All federal awards
passed-through other governmental or non-profit agencies are included in the
accompanying schedule.
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. Pass-through identifying numbers are presented where available.
De Minimis Rate Used: Both
Rate Explanation: Directions for Living negotiates the allowable indirect cost rate on direct and indirect funding
received from state or local government and non-governmental sources with the awarding
agencies. For direct federal awards received, Directions has elected to use the 10-percent
de minimis indirect cost rate under the Uniform Guidance.
The accompanying Schedule of Expenditures of Federal Awards (the “Schedule”) includes
the federal grant activity of Directions for Living under programs of the federal 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). Because the Schedule presents only a selected portion of the
operations of Directions for Living, it is not intended to and does not present the financial
position, changes in net assets, or cash flows of Directions for Living. All federal awards
passed-through other governmental or non-profit agencies are included in the
accompanying schedule.
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. Pass-through identifying numbers are presented where available.
Title: NOTE B - INDIRECT COST RATE
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (the “Schedule”) includes
the federal grant activity of Directions for Living under programs of the federal 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). Because the Schedule presents only a selected portion of the
operations of Directions for Living, it is not intended to and does not present the financial
position, changes in net assets, or cash flows of Directions for Living. All federal awards
passed-through other governmental or non-profit agencies are included in the
accompanying schedule.
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. Pass-through identifying numbers are presented where available.
De Minimis Rate Used: Both
Rate Explanation: Directions for Living negotiates the allowable indirect cost rate on direct and indirect funding
received from state or local government and non-governmental sources with the awarding
agencies. For direct federal awards received, Directions has elected to use the 10-percent
de minimis indirect cost rate under the Uniform Guidance.
Directions for Living negotiates the allowable indirect cost rate on direct and indirect funding
received from state or local government and non-governmental sources with the awarding
agencies. For direct federal awards received, Directions has elected to use the 10-percent
de minimis indirect cost rate under the Uniform Guidance.
Title: NOTE C - STATE MATCHING FUNDS FOR FEDERAL PROGRAMS
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (the “Schedule”) includes
the federal grant activity of Directions for Living under programs of the federal 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). Because the Schedule presents only a selected portion of the
operations of Directions for Living, it is not intended to and does not present the financial
position, changes in net assets, or cash flows of Directions for Living. All federal awards
passed-through other governmental or non-profit agencies are included in the
accompanying schedule.
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. Pass-through identifying numbers are presented where available.
De Minimis Rate Used: Both
Rate Explanation: Directions for Living negotiates the allowable indirect cost rate on direct and indirect funding
received from state or local government and non-governmental sources with the awarding
agencies. For direct federal awards received, Directions has elected to use the 10-percent
de minimis indirect cost rate under the Uniform Guidance.
State funds awarded to Directions for Living as matching funds for federal programs
consisted of the following: