Notes to SEFA
Title: FEDERAL ASSISTANCE LISTING NUMBERS (FAL)
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of Save the Family Foundation of Arizona and A.R.M. of Save the Family Foundation of Arizona (the Organization) 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 financial statements.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The program titles and Federal Assistance Listings numbers were obtained from the federal or pass-through grantor or the 2022 Federal Assistance Listings. When no Federal Assistance Listings number had been assigned to a program, the two digit federal agency identifier and the federal contract number were used. When there was no federal contract number, the 2-digit federal agency identifier and the word "unknown were used.
Title: SUBRECIPIENTS
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of Save the Family Foundation of Arizona and A.R.M. of Save the Family Foundation of Arizona (the Organization) 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 financial statements.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The Organization did not pass on any funds to subrecipients during the year ended June 30, 2022.
Title: LOAN PROCEEDS
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of Save the Family Foundation of Arizona and A.R.M. of Save the Family Foundation of Arizona (the Organization) 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 financial statements.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
This schedule includes federal expenditures incurred during the year ended June 30, 2015 for which there is an outstanding loan balance totaling $543,411 at June 30, 2022. Since the Home Investment Partnerships Program (FAL 14.239) has continuing compliance requirements, the outstanding balance for the loan is considered federal awards expended and requires disclosure in this schedule.