Title: NOTE 2: BASIS OF ACCOUNTING
Accounting Policies: NOTE 1: BASIS OF PRESENTATIONThe accompanying schedule of expenditures of federal awards (the schedule) includes the federal award of Daniel Memorial, Inc. and Affiliates under programs of the federal government for the year ended June 30, 2022. The information in this schedule is presented in accordance with the requirement 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 Daniel Memorial, Inc. and Affiliates, it is not intended to and does not present the financial position, changes in net assets or cash flows of Daniel Memorial, Inc. and Affiliates.Federal programs with different assistance listing numbers that are closely related because they share common compliance requirements are defined as a cluster by the Uniform Guidance.
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate.
This Schedule was prepared on the modified accrual basis of accounting. The modified accrual basis differs from the full accrual basis of accounting in that expenditures for property and equipment are expensed when incurred, rather than being capitalized and depreciated over their useful lives, and expenditures for the principal portion of debt service are expensed when incurred, rather than being applied to reduce the outstanding principal portion of debt, which conforms to the basis of reporting to grantors for reimbursement under the terms of the Organizations federal and state grants.
Title: NOTE 3: INDIRECT COST RATES
Accounting Policies: NOTE 1: BASIS OF PRESENTATIONThe accompanying schedule of expenditures of federal awards (the schedule) includes the federal award of Daniel Memorial, Inc. and Affiliates under programs of the federal government for the year ended June 30, 2022. The information in this schedule is presented in accordance with the requirement 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 Daniel Memorial, Inc. and Affiliates, it is not intended to and does not present the financial position, changes in net assets or cash flows of Daniel Memorial, Inc. and Affiliates.Federal programs with different assistance listing numbers that are closely related because they share common compliance requirements are defined as a cluster by the Uniform Guidance.
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate.
The Organization has elected to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.
Title: NOTE 4: RELATIONSHIP OF THE SCHEDULE TO PROGRAM FINANCIAL REPORTS
Accounting Policies: NOTE 1: BASIS OF PRESENTATIONThe accompanying schedule of expenditures of federal awards (the schedule) includes the federal award of Daniel Memorial, Inc. and Affiliates under programs of the federal government for the year ended June 30, 2022. The information in this schedule is presented in accordance with the requirement 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 Daniel Memorial, Inc. and Affiliates, it is not intended to and does not present the financial position, changes in net assets or cash flows of Daniel Memorial, Inc. and Affiliates.Federal programs with different assistance listing numbers that are closely related because they share common compliance requirements are defined as a cluster by the Uniform Guidance.
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate.
The amounts reflected in the financial reports submitted to the awarding federal, and/or pass-through agencies and the Schedule may differ. Some of the factors that may account for any difference include the following:-The Organizations fiscal year end may differ from the programs year end.-Accruals recognized in the Schedule, because of year end procedures, may not be reported in the program financial reports until the next program reporting period.-Fixed asset purchases and the resultant depreciation charges are recognized as fixed assets in the Organizations consolidated financial statements and as expenditures in the program financial reports and the Schedule.
Title: NOTE 5: FEDERAL AND STATE PASS-THROUGH FUNDS
Accounting Policies: NOTE 1: BASIS OF PRESENTATIONThe accompanying schedule of expenditures of federal awards (the schedule) includes the federal award of Daniel Memorial, Inc. and Affiliates under programs of the federal government for the year ended June 30, 2022. The information in this schedule is presented in accordance with the requirement 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 Daniel Memorial, Inc. and Affiliates, it is not intended to and does not present the financial position, changes in net assets or cash flows of Daniel Memorial, Inc. and Affiliates.Federal programs with different assistance listing numbers that are closely related because they share common compliance requirements are defined as a cluster by the Uniform Guidance.
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate.
The Organization is also the sub-recipient of federal funds that have been subjected to testing and are reported as expenditures and listed as federal pass-through funds. Federal awards other than those indicated as pass-through funds are considered to be direct.Certain federal funds for a program are received through various pass-through entities.
Title: NOTE 6: CONTINGENCIES
Accounting Policies: NOTE 1: BASIS OF PRESENTATIONThe accompanying schedule of expenditures of federal awards (the schedule) includes the federal award of Daniel Memorial, Inc. and Affiliates under programs of the federal government for the year ended June 30, 2022. The information in this schedule is presented in accordance with the requirement 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 Daniel Memorial, Inc. and Affiliates, it is not intended to and does not present the financial position, changes in net assets or cash flows of Daniel Memorial, Inc. and Affiliates.Federal programs with different assistance listing numbers that are closely related because they share common compliance requirements are defined as a cluster by the Uniform Guidance.
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate.
Grant monies received and disbursed by the Organization are for specific purposes and are subject to review by the grantor agencies. Such audits may result in requests for reimbursement due to disallowed expenditures. Management does not believe that such disallowance, if any, would have a material effect on the financial position of the Organization. As of June 30, 2022, there were no material questioned or disallowed costs as a result of grant audits in process or completed.
Title: NOTE 7: NONCASH ASSISTANCE
Accounting Policies: NOTE 1: BASIS OF PRESENTATIONThe accompanying schedule of expenditures of federal awards (the schedule) includes the federal award of Daniel Memorial, Inc. and Affiliates under programs of the federal government for the year ended June 30, 2022. The information in this schedule is presented in accordance with the requirement 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 Daniel Memorial, Inc. and Affiliates, it is not intended to and does not present the financial position, changes in net assets or cash flows of Daniel Memorial, Inc. and Affiliates.Federal programs with different assistance listing numbers that are closely related because they share common compliance requirements are defined as a cluster by the Uniform Guidance.
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate.
The Organization did not receive any federal noncash assistance for the fiscal year ended June 30, 2022.
Title: NOTE 8: LOANS AND LOAN GUARANTEES
Accounting Policies: NOTE 1: BASIS OF PRESENTATIONThe accompanying schedule of expenditures of federal awards (the schedule) includes the federal award of Daniel Memorial, Inc. and Affiliates under programs of the federal government for the year ended June 30, 2022. The information in this schedule is presented in accordance with the requirement 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 Daniel Memorial, Inc. and Affiliates, it is not intended to and does not present the financial position, changes in net assets or cash flows of Daniel Memorial, Inc. and Affiliates.Federal programs with different assistance listing numbers that are closely related because they share common compliance requirements are defined as a cluster by the Uniform Guidance.
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate.
The Organization did not have any loans or loan guarantee programs required to be reported on the schedule for the fiscal year ended June 30, 2022.
Title: NOTE 9: FEDERAL FUNDS RECEIVED THROUGH MORE THAN ONE PASS-THROUGH ENTITY
Accounting Policies: NOTE 1: BASIS OF PRESENTATIONThe accompanying schedule of expenditures of federal awards (the schedule) includes the federal award of Daniel Memorial, Inc. and Affiliates under programs of the federal government for the year ended June 30, 2022. The information in this schedule is presented in accordance with the requirement 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 Daniel Memorial, Inc. and Affiliates, it is not intended to and does not present the financial position, changes in net assets or cash flows of Daniel Memorial, Inc. and Affiliates.Federal programs with different assistance listing numbers that are closely related because they share common compliance requirements are defined as a cluster by the Uniform Guidance.
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate.
See table in report