Notes to SEFA
Accounting Policies: Note 1. Basis of PresentationThe accompanying schedule of expenditures of federal awards (the Schedule) includes the federal awardactivity of Sylacauga Alliance for Family Enhancement, Inc. under programs of the federal government forthe year ended September 30, 2022. The information in this Schedule is presented in accordance withthe requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform AdministrativeRequirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance).Because the Schedule presents only a selected portion of the operations of Sylacauga Alliance for FamilyEnhancement, Inc., it is not intended to and does not present the financial position, changes in net assetsor cash flows of Sylacauga Alliance for Family Enhancement, Inc.Note 2. Summary of Significant Accounting PoliciesExpenditures reported on the Schedule are reported on the accrual basis of accounting. Suchexpenditures are recognized following the cost principles contained in the Uniform Guidance, whereincertain types of expenditures are not allowable or are limited as to reimbursement. Negative amountsshown on the Schedule represent adjustments or credits made in the normal course of business toamounts reported as expenditures in prior years.
De Minimis Rate Used: Both
Rate Explanation: Sylacauga Alliance for Family Enhancement, Inc. uses the indirect cost rate as allowed by each contract,if stated. Otherwise, the Organization has elected to use the 10% de minimis indirect cost rate as allowedunder the Uniform Guidance.