Notes to SEFA
Accounting Policies: NOTE 1 -BASIS OF PRESENTATIONThe accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the grant and contract activity of AIDS Service Association of Pinellas, Inc. d/b/a Empath Partners in Care (EPIC) 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 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.NOTE 2 -SUMMARY OF SIGNIFICANT ACCOUNTING POLICYExpenditures reported on the Schedule are reported using 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. Indirect cost rate is dictated by its federal and state contract terms. The 10 percent de minimis indirect cost rate, as allowed under the Uniform Guidance, is not in effect nor is it available under certain contracts.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.