Notes to SEFA
Title: Federal Funds
Accounting Policies: The accompanying Schedule of Expenditures of Federal and Non-Federal Awards (Schedule) includes the Federal award activity of Vista Del Mar 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 Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of Vista Del Mar, it is not intended to and does not present the financial position, changes in net assets, or cash flows of Vista Del Mar. Expenditures reported on 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. Negative amounts shown on the schedule, if any, represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years.
De Minimis Rate Used: N
Rate Explanation: Vista Del Mar has not elected to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.
Vista Del Mar received funding from the County of Los Angeles Department of Mental Health that includes federal funds, such as Block Grants for Community Mental Health Services. However, only the Substance Abuse and Mental Health Services portion of the federal funds are considered to be federal awards under the Uniform Guidance. Therefore, only such funding is reflected as federal in the above Schedule.
Title: Federal Awards
Accounting Policies: The accompanying Schedule of Expenditures of Federal and Non-Federal Awards (Schedule) includes the Federal award activity of Vista Del Mar 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 Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of Vista Del Mar, it is not intended to and does not present the financial position, changes in net assets, or cash flows of Vista Del Mar. Expenditures reported on 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. Negative amounts shown on the schedule, if any, represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years.
De Minimis Rate Used: N
Rate Explanation: Vista Del Mar has not elected to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.
Of the Federal expenditures presented in the Schedule, Vista Del Mar provided no Federal awards to subrecipients.