Notes to SEFA
Title: BASIS OF PRESENTATION
Accounting Policies: Expenditures reported on the Schedule 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. The Agency has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the federal award activity of Catholic Charities Archdiocese of New Orleans, PHILMAT, Inc., and PACE Greater New Orleans (collectively, the Agency). The Agencys reporting entity is defined in Note 1 to the consolidated financial statements for the year ended June 30, 2022. All federal awards received from federal agencies are included on the schedule. 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 the Agency, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the Agency.
Title: RELATIONSHIP TO FINANCIAL STATEMENTS
Accounting Policies: Expenditures reported on the Schedule 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. The Agency has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
Federal awards are included in the consolidated financial statements of the Agency as follows: Schedule of Federal Awards $12,917,280 State and local funds 530,944 U.S. Department of Health and Human Services - Fees 2,487,241 Office of Health and Hospitals Medicaid and Medicare 17,181,121 Total governmental financial assistance 33,116,586 Less amount recorded as refundable advance (29,185) Total governmental financial assistance, reported $33,087,401 The Agency received and expended $29,185 of federal awards during the year ended June 30,2022, that are reported in refundable advances on the statement of financial position at June 30, 2022. The revenue for these awards was not recognized during the year ended June 30, 2022, as there were certain conditions in place that were not met as of year-end.