Notes to SEFA
Accounting Policies: NOTE 1 BASIS OF PRESENTATIONThe accompanying schedule of expenditures of federal awards includes the federal grant activityof Family Planning Association of Maine, Inc. d/b/a Maine Family Planning and is presented inaccordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, UniformAdministrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (UniformGuidance). Therefore, some amounts presented in this schedule may differ from amountspresented in, or used in the preparation of, the basic financial statements.The Associations federal awards are received either directly from the federal government orindirectly through pass-through organizations.NOTE 2 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIESThe accompanying schedule of expenditures of federal awards was prepared using the accrualmethod of accounting. Expenses are recognized as incurred using the cost accounting principlescontained in the Uniform Guidance. Under those cost principles, certain types of expenses arenot allowable or are limited as to reimbursement.The Association has elected not use the 10% de minimis indirect cost rate as allowed under theUniform Guidance. Expenditures include costs that can be directly identified to a program plusallocations of applicable indirect costs. The indirect costs applied are negotiated percentages ofdirect expenses. Indirect costs applied to awards for the year ended June 30, 2022 werenegotiated with the State of Maine Department of Health and Human Services, the pass-throughentity for the Associations Department agreements.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.