Notes to SEFA
Title: Note 6 Contingency
Accounting Policies: 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.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The grant revenue amounts received and expensed are subjected to audit and adjustments. If anyexpenditures are disallowed by the grantor as a result of such an audit, any claim for reimbursement to thegrantor would become a liability of the Center. In the opinion of management, all grant expenditures are incompliance with the terms of the agreements and applicable federal, state, and local laws and regulations.
Title: Note 1 Basis of Presentation
Accounting Policies: 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.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The accompanying schedule of expenditures of federal awards includes the federal grant activity ofWomens Center of Beaver County (the Center) and is presented on the accrual basis of accounting. Theinformation in this schedule is presented in accordance with the requirements of Title 2 U.S. Code ofFederal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and AuditRequirements for Federal Awards (the Uniform Guidance). Because the schedule presents only aselected portion of the operations of the Center, it is not intended to and does not present the financialposition, changes in net assets, or cash flows of the Center.
Title: Note 4 Sub-Recipients
Accounting Policies: 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.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
Of the federal expenditures presented in the schedule, the Center did provide federal awards to a subrecipient.
Title: Note 5 Budgetary Data
Accounting Policies: 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.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The Center passed, and had approved by the appropriate agency, budgets for the year ended June 30,2022 and 2021.