Notes to SEFA
Title: Relationship to Federal and State/ Financial Reports
Accounting Policies: (a)Reporting EntityThe Schedule of Expenditures of Federal Awards and Schedule of Expenditures of State Awards (the Schedules) includes the activity of all federal and state programs administered by Recovery Resource Council (the Council). The Councils organization is defined in Note 1 of the Councils basic financial statements. All federal and state awards received directly from federal and state agencies, as well as awards passed through other government agencies, have been included in the accompanying Schedules.(b) Basis of PresentationThe Schedules present total federal and state awards expended for each individual program in accordance with the Uniform Guidance and the State of Texas Single Audit Circular.(c)Basis of AccountingThe expenditures for each of the federal and state financial assistance programs are presented on the accrual basis of accounting, which is defined in Note 2 of the Councils basic financial statements. Separate accounts are maintained for the different awards to aid in the observance of limitations and restrictions imposed by the funding agencies.
De Minimis Rate Used: N
Rate Explanation: The Council has not elected to use the 10% de minimus indirect cost rate, and continues to use the 30.5% rate negotiated individually with its grantors.
The amounts reported in the financial reports agree with the amounts reported in the accompanying Schedule which is prepared on the basis explained in Note 2 of the Councils financial statements.
Title: Noncash Assistance
Accounting Policies: (a)Reporting EntityThe Schedule of Expenditures of Federal Awards and Schedule of Expenditures of State Awards (the Schedules) includes the activity of all federal and state programs administered by Recovery Resource Council (the Council). The Councils organization is defined in Note 1 of the Councils basic financial statements. All federal and state awards received directly from federal and state agencies, as well as awards passed through other government agencies, have been included in the accompanying Schedules.(b) Basis of PresentationThe Schedules present total federal and state awards expended for each individual program in accordance with the Uniform Guidance and the State of Texas Single Audit Circular.(c)Basis of AccountingThe expenditures for each of the federal and state financial assistance programs are presented on the accrual basis of accounting, which is defined in Note 2 of the Councils basic financial statements. Separate accounts are maintained for the different awards to aid in the observance of limitations and restrictions imposed by the funding agencies.
De Minimis Rate Used: N
Rate Explanation: The Council has not elected to use the 10% de minimus indirect cost rate, and continues to use the 30.5% rate negotiated individually with its grantors.
The Council did not receive any noncash assistance from federal or state awards.
Title: Subrecipients
Accounting Policies: (a)Reporting EntityThe Schedule of Expenditures of Federal Awards and Schedule of Expenditures of State Awards (the Schedules) includes the activity of all federal and state programs administered by Recovery Resource Council (the Council). The Councils organization is defined in Note 1 of the Councils basic financial statements. All federal and state awards received directly from federal and state agencies, as well as awards passed through other government agencies, have been included in the accompanying Schedules.(b) Basis of PresentationThe Schedules present total federal and state awards expended for each individual program in accordance with the Uniform Guidance and the State of Texas Single Audit Circular.(c)Basis of AccountingThe expenditures for each of the federal and state financial assistance programs are presented on the accrual basis of accounting, which is defined in Note 2 of the Councils basic financial statements. Separate accounts are maintained for the different awards to aid in the observance of limitations and restrictions imposed by the funding agencies.
De Minimis Rate Used: N
Rate Explanation: The Council has not elected to use the 10% de minimus indirect cost rate, and continues to use the 30.5% rate negotiated individually with its grantors.
The Council made no payments to subrecipients during the year.
Title: Loans
Accounting Policies: (a)Reporting EntityThe Schedule of Expenditures of Federal Awards and Schedule of Expenditures of State Awards (the Schedules) includes the activity of all federal and state programs administered by Recovery Resource Council (the Council). The Councils organization is defined in Note 1 of the Councils basic financial statements. All federal and state awards received directly from federal and state agencies, as well as awards passed through other government agencies, have been included in the accompanying Schedules.(b) Basis of PresentationThe Schedules present total federal and state awards expended for each individual program in accordance with the Uniform Guidance and the State of Texas Single Audit Circular.(c)Basis of AccountingThe expenditures for each of the federal and state financial assistance programs are presented on the accrual basis of accounting, which is defined in Note 2 of the Councils basic financial statements. Separate accounts are maintained for the different awards to aid in the observance of limitations and restrictions imposed by the funding agencies.
De Minimis Rate Used: N
Rate Explanation: The Council has not elected to use the 10% de minimus indirect cost rate, and continues to use the 30.5% rate negotiated individually with its grantors.
The Council had no loans or loan guarantees outstanding with federal or state awarding agencies.