Notes to SEFA
Title: Note 5: Contingencies
Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) presents the activity of the federal financial assistance programs of Trinity Youth Services (the Organization). The information in the Schedule is presented in accordance with the requirements of Title 2 US Code of Federa Regulations part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (the uniform guidance). the Organizations reporting entity is defined in Note 1 of the Organizations financial statements. All financial assistance received directly from federal agencies and federal financial assitance passed through other government agencies to the Organization is included in the accompanying Schedule. The Accompanying Schedule is presented using the accrual basis of accounting, which is described in the notes to the Organizations financial statements. Expendiures are determined using cost accounting principles and procedures set forth in subpart E-Cost principles of the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
Under the terms of federal and state grants, additional audits may be requested by the grantor agencies and certain costs may be questioned as not being appropriate expenditures under the terms of the grants. Such audits could lead to a request for reimbursement to the grantor agencies
Title: Note 3: relationship to the Financial Statements
Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) presents the activity of the federal financial assistance programs of Trinity Youth Services (the Organization). The information in the Schedule is presented in accordance with the requirements of Title 2 US Code of Federa Regulations part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (the uniform guidance). the Organizations reporting entity is defined in Note 1 of the Organizations financial statements. All financial assistance received directly from federal agencies and federal financial assitance passed through other government agencies to the Organization is included in the accompanying Schedule. The Accompanying Schedule is presented using the accrual basis of accounting, which is described in the notes to the Organizations financial statements. Expendiures are determined using cost accounting principles and procedures set forth in subpart E-Cost principles of the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
Amounts reported in the accompanying Schedule agree to amounts reported within the Organizations financial statements.
Title: Note 4: Relationship to Federal Financial Reports
Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) presents the activity of the federal financial assistance programs of Trinity Youth Services (the Organization). The information in the Schedule is presented in accordance with the requirements of Title 2 US Code of Federa Regulations part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (the uniform guidance). the Organizations reporting entity is defined in Note 1 of the Organizations financial statements. All financial assistance received directly from federal agencies and federal financial assitance passed through other government agencies to the Organization is included in the accompanying Schedule. The Accompanying Schedule is presented using the accrual basis of accounting, which is described in the notes to the Organizations financial statements. Expendiures are determined using cost accounting principles and procedures set forth in subpart E-Cost principles of the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
Amounts reported in the accompanying Schedule agree with amounts reported in federal financial reports.