Notes to SEFA
Title: Basis of Presentation
Accounting Policies: Expenditures on the Schedule of Expenditures of Federal Awards 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.
De Minimis Rate Used: N
Rate Explanation: Direct costs, such as salaries and wages, are charged directly to the programs benefited. Indirect costs are allocated to programs based on direct labor hours, square footage, or other factors. Direct management and general expenses are included with other allowable costs charged to appropriate grants and contracts, with remaining amounts included in the Management and General classification
The accompanying Schedule of Expenditures of Federal Award includes the federal award activity of Midwest Women and Children's Services under programs of the federal government for the year ended September 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 Midwest Women and Children's Services, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the Organization