Notes to SEFA
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the federal grant activityof San Antonio Metropolitan Ministry, Inc. dba SAMMinistries under programs of the federal government for theyear ended September 30, 2022. The information in the Schedule is presented in accordance with the requirementsof the Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Costs Principles,and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selectedportion of the operations of SAMMinistries, it is not intended to, and does not, present the financial position,changes in net assets, or cash flows of SAMMinistries. Therefore, some amounts presented in this schedule maydiffer from amounts presented in, or used in the preparation of, the basic financial statements.All of SAMMinistries federal awards were in the form of cash assistance for the year ended September 30, 2022.SAMMinistries had no federal funded insurance programs or loan guarantees during the year ended September 30,2022. Expenditures reported on the Schedule are reported on the accrual basis of accounting in accordance withaccounting principles generally accepted in the United States of America (GAAP). Such expenditures arerecognized following the cost principles contained in the Uniform Guidance, wherein certain types of expendituresare 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.