Notes to SEFA
Title: Federal Assistance Listings Number
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of Save the Family Foundation of Arizona and A.R.M of Save the Family Foundation of Arizona ( 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 of Federal Regulations Part 200, Uniform Administrative Requirements, Cost of 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.
De Minimis Rate Used: N
Rate Explanation: The Organization has elected not to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.
The Program titles and Federal Assistance Listings (FAL) numbers were obtained from the federal or pass-through grantor or the 2023 Federal Assistance Listings. When no Federal Assistance Listing numbrs had been assigned to a program, the two digit federal agency identifier and the federal contract number were used. When there was no federal contract number, the 2-digit federal agency identifier and the word "unknown" were used.
Title: Subrecipients
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of Save the Family Foundation of Arizona and A.R.M of Save the Family Foundation of Arizona ( 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 of Federal Regulations Part 200, Uniform Administrative Requirements, Cost of 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.
De Minimis Rate Used: N
Rate Explanation: The Organization has elected not to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.
The Organization did not pass on any funds to subrecipients during the year ended June 30, 2023.
Title: Loan Proceeds
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of Save the Family Foundation of Arizona and A.R.M of Save the Family Foundation of Arizona ( 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 of Federal Regulations Part 200, Uniform Administrative Requirements, Cost of 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.
De Minimis Rate Used: N
Rate Explanation: The Organization has elected not to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.
This schedule includes federal expenditures incurred during the year ended June 30, 2015 for which there is an outstanding loan balance $543,411 at June 30, 2023. Since the Home Investment Partnerships Program (FAL 14.239) has continuing compliance requirements, the outstanding balance for the loan is considered federal awards expended and requires disclosure in this schedule.