Title: Adjustments and Transfers
Accounting Policies: The accompanying schedule of expenditures of federal awards (the "Schedule") includes the federal grant activity of The Thresholds and Affiliated Organizations (the "Agency") under programs of the federal government for the year ended June 30, 2022. The information in the 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 (the "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, functional expenses, or cash flows of the Agency. The Agency's basic consolidated financial statements include the operations of THI 8 and THI 13, which received $2,969,778 in federal awards that is not included in the Schedule for the year ended June 30, 2022. Our audit did not include the operations of THI 8 and THI 13 because the excluded operations conducted separate financial statement audits and single audits. Expenditures reported in the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, wherein certain types of expenditures are not allowable or are limited as to reimbursement, except for expenditures related to ALN 93.498, Provider Relief Fund (PRF). PRF does not apply the cost principles contained in Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, but rather applies the U.S. Department of the Treasury's guidance and/or U.S. Department of Health and Human Services guidance. The pass through entity identifying numbers are presented where available. The Agency has elected not to use the 10 percent de minimis indirect cost rate to recover indirect costs, as allowed under the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
During the year ended June 30, 2022, there were no transfers of grant overpayments.
Title: Noncash Assistance
Accounting Policies: The accompanying schedule of expenditures of federal awards (the "Schedule") includes the federal grant activity of The Thresholds and Affiliated Organizations (the "Agency") under programs of the federal government for the year ended June 30, 2022. The information in the 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 (the "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, functional expenses, or cash flows of the Agency. The Agency's basic consolidated financial statements include the operations of THI 8 and THI 13, which received $2,969,778 in federal awards that is not included in the Schedule for the year ended June 30, 2022. Our audit did not include the operations of THI 8 and THI 13 because the excluded operations conducted separate financial statement audits and single audits. Expenditures reported in the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, wherein certain types of expenditures are not allowable or are limited as to reimbursement, except for expenditures related to ALN 93.498, Provider Relief Fund (PRF). PRF does not apply the cost principles contained in Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, but rather applies the U.S. Department of the Treasury's guidance and/or U.S. Department of Health and Human Services guidance. The pass through entity identifying numbers are presented where available. The Agency has elected not to use the 10 percent de minimis indirect cost rate to recover indirect costs, as allowed under the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The Agency neither received nor disbursed federal awards in the form of nonmonetary assistance for the year ended June 30, 2022, including federal insurances.
Title: Loan Balances
Accounting Policies: The accompanying schedule of expenditures of federal awards (the "Schedule") includes the federal grant activity of The Thresholds and Affiliated Organizations (the "Agency") under programs of the federal government for the year ended June 30, 2022. The information in the 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 (the "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, functional expenses, or cash flows of the Agency. The Agency's basic consolidated financial statements include the operations of THI 8 and THI 13, which received $2,969,778 in federal awards that is not included in the Schedule for the year ended June 30, 2022. Our audit did not include the operations of THI 8 and THI 13 because the excluded operations conducted separate financial statement audits and single audits. Expenditures reported in the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, wherein certain types of expenditures are not allowable or are limited as to reimbursement, except for expenditures related to ALN 93.498, Provider Relief Fund (PRF). PRF does not apply the cost principles contained in Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, but rather applies the U.S. Department of the Treasury's guidance and/or U.S. Department of Health and Human Services guidance. The pass through entity identifying numbers are presented where available. The Agency has elected not to use the 10 percent de minimis indirect cost rate to recover indirect costs, as allowed under the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
Loans outstanding at the beginning of the year and loans made during the year are included in the federal expenditures presented in the schedule of expenditures of federal awards. The balance of loans outstanding at June 30, 2022 relates to ALN 14.181, U.S. Department of Housing and Urban Development Supportive Housing for Persons with Disabilities in the amount of $3,903,900.