Notes to SEFA
Title: 2. Summary of Significant Accounting Policies
Accounting Policies: 1. Basis of PresentationThe accounting policies and presentation of the Schedule of Expenditures of Federal Awards(SEFA) have been designed to conform to generally accepted accounting principles, including thereporting and compliance requirements of the Title 2 U.S. Code of Federal Regulations Part 200,Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards(Uniform Guidance). The amounts reported on the schedule have been reconciled to and are inmaterial agreement with amounts recorded in the Organizations accounting records from whichthe basic consolidated financial statements have been reported.For purposes of the SEFA, federal awards include all grants, contracts, and similar agreementsentered into directly with the federal government and other pass-through entities. TheOrganization has obtained the Assistance Listing Number (ALN) numbers to ensure that allprograms have been identified in the schedule. ALN numbers have been appropriately listed byapplicable programs. Federal programs with different ALN numbers that are closely relatedbecause they share common compliance requirements area defined as a cluster by the UniformGuidance. A cluster is separately identified in the SEFA.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
Expenditures reported on the Schedule of Federal Expenditures are reported on the accrual basisof accounting. Such expenditures are recognized following the cost principles contained in theUniform Guidance, wherein certain types of expenditures are not allowable or are limited as toreimbursement.The Organization has elected not to use the 10 percent de minimis indirect cost rate allowedunder the Uniform Guidance.The Organization did not expend federal awards in the form of loans or loan guarantees.The Organization did not receive any federal non-cash assistance for the fiscal year endedDecember 31, 2022.
Title: 3. Federal Pass-through Funds
Accounting Policies: 1. Basis of PresentationThe accounting policies and presentation of the Schedule of Expenditures of Federal Awards(SEFA) have been designed to conform to generally accepted accounting principles, including thereporting and compliance requirements of the Title 2 U.S. Code of Federal Regulations Part 200,Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards(Uniform Guidance). The amounts reported on the schedule have been reconciled to and are inmaterial agreement with amounts recorded in the Organizations accounting records from whichthe basic consolidated financial statements have been reported.For purposes of the SEFA, federal awards include all grants, contracts, and similar agreementsentered into directly with the federal government and other pass-through entities. TheOrganization has obtained the Assistance Listing Number (ALN) numbers to ensure that allprograms have been identified in the schedule. ALN numbers have been appropriately listed byapplicable programs. Federal programs with different ALN numbers that are closely relatedbecause they share common compliance requirements area defined as a cluster by the UniformGuidance. A cluster is separately identified in the SEFA.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The Organization is the sub-recipient of federal funds that have been subjected to testing and arereported as expenditures and listed as federal pass-through funds.
Title: 4. Contingencies
Accounting Policies: 1. Basis of PresentationThe accounting policies and presentation of the Schedule of Expenditures of Federal Awards(SEFA) have been designed to conform to generally accepted accounting principles, including thereporting and compliance requirements of the Title 2 U.S. Code of Federal Regulations Part 200,Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards(Uniform Guidance). The amounts reported on the schedule have been reconciled to and are inmaterial agreement with amounts recorded in the Organizations accounting records from whichthe basic consolidated financial statements have been reported.For purposes of the SEFA, federal awards include all grants, contracts, and similar agreementsentered into directly with the federal government and other pass-through entities. TheOrganization has obtained the Assistance Listing Number (ALN) numbers to ensure that allprograms have been identified in the schedule. ALN numbers have been appropriately listed byapplicable programs. Federal programs with different ALN numbers that are closely relatedbecause they share common compliance requirements area defined as a cluster by the UniformGuidance. A cluster is separately identified in the SEFA.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
Grant monies received and disbursed by the Organization are for specific purposes and are subjectto review by the grantor agencies. Such audits may result in requests for reimbursement due todisallowed expenditures. Based upon prior experience, the Organization does not believe thatsuch disallowance, if any, would have a material effect on the financial position of theOrganization. As of December 31, 2022, there were no material questioned or disallowed costsas a result of grant audits in process or completed.