Title: Funds Passed to Subrecipients
Accounting Policies: The schedule of expenditures of federal awards (the "Schedule") includes the federal award activity of La Raza Services, Inc. dba Servicios de La Raza, Inc. under programs of the federal government for the year ended June 30, 2022. The information in this Schedule is presented in accordance with the requirements of 2 CFR Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). It is not intended to and does not present the financial position, change in net assets, or cash flows of La Raza Services, Inc. dba Servicios de La Raza, Inc.
De Minimis Rate Used: Y
Rate Explanation: 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. La Raza Services, Inc. dba Servicios de La Raza, Inc. has elected to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance.
Of the $175,196 received from the City and County of Denver (WIOA Adult & Youth), La Raza Services, Inc. dba Servicios de La Raza, Inc. passed $54,204 to subrecipients.
Title: Reconciliation to Financial Statements
Accounting Policies: The schedule of expenditures of federal awards (the "Schedule") includes the federal award activity of La Raza Services, Inc. dba Servicios de La Raza, Inc. under programs of the federal government for the year ended June 30, 2022. The information in this Schedule is presented in accordance with the requirements of 2 CFR Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). It is not intended to and does not present the financial position, change in net assets, or cash flows of La Raza Services, Inc. dba Servicios de La Raza, Inc.
De Minimis Rate Used: Y
Rate Explanation: 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. La Raza Services, Inc. dba Servicios de La Raza, Inc. has elected to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance.
La Raza Services, Inc. dba Servicios de La Raza, Inc. receives grants from other sources in addition to its federal awards. The following analysis reconciles expenditures in the accompanying schedule to contributions and grant revenue reflected in La Raza Services, Inc. dba Servicios de La Raza, Inc.'s financial statements for the year ended June 30, 2022: Federal revenue subject to Single Audit totaled $1,557,801 while other grants and contributions totaled $6,158,615, resulting in total operating grants and contributions of $7,716,416.