Notes to SEFA
Title: Note 3. Reconciliation to Financial Statements
Accounting Policies: Note 1. Basis of Presentation The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal grant activity of Lexington Center for Recovery, Inc. (LCR) under programs of the federal government for the year ended December 31, 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 LCR, it is not intended to, and does not, present the financial position, changes in net assets or cash flows of LCR. Note 2. Summary of Significant Accounting Policies Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.Note 4. Indirect Cost Rate LCR has elected not to use the 10-percent de minimus indirect cost rate allowed under the Uniform Guidance. State matching share programs follow the federal guidance.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The federal expenditures presented in the Schedule reconcile to the Grant Support revenue reported in the Statement of Activities as follows: See notes to the SEFA for table.