Title: NOTE G - RECONCILIATION OF EXPENDITURES PRESENTED IN THE SCHEDULE OF EXPEND
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.
De Minimis Rate Used: N
Rate Explanation: NOTE F - INDIRECT COST RATEAMSI has elected not to use the 10-percent de minimis indirect cost rate as allowed under Uniform Guidance.
NOTE G - RECONCILIATION OF EXPENDITURES PRESENTED IN THE SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS TO THE EXPENSES PRESENTED IN THE FINANCIAL STATEMENTS. Total expenditures per SEFA: $ 13,039,426 Less: Expenditures for capital assets (87,639) Plus: Depreciation expense 140,446 Other non-federal expenses 6,381,785 Total expenses per financial statements: $ 19,474,018
Title: NOTE A - BASIS OF PRESENTATION
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.
De Minimis Rate Used: N
Rate Explanation: NOTE F - INDIRECT COST RATEAMSI has elected not to use the 10-percent de minimis indirect cost rate as allowed under Uniform Guidance.
The accompanying Schedule of Expenditures of Federal Awards (the schedule) includes the federal grant activity of AMSI 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 (CFR 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 operation of AMSI, it is not intended to and does not present the financial position, changes in net assets or cash flows of AMSI.
Title: NOTE C ASSISTANCE LISTING NUMBER
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.
De Minimis Rate Used: N
Rate Explanation: NOTE F - INDIRECT COST RATEAMSI has elected not to use the 10-percent de minimis indirect cost rate as allowed under Uniform Guidance.
The Assistance Listing Number (ALN), formerly known as the Catalog of Federal Domestic Assistance (CFDA) Number, is a five-digit number assigned in the awarding document for all federal assistance award mechanisms, including federal grants and cooperative agreements. Assistance listings are detailed public descriptions of federal programs that provide grants, loans, scholarships, insurance, and other types of assistance awards. The SAM.GOV assistance listing is the public online database showing all available federally-funded programs.
Title: NOTE D - PASS-THROUGH ENTITY IDENTIFYING NUMBER
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.
De Minimis Rate Used: N
Rate Explanation: NOTE F - INDIRECT COST RATEAMSI has elected not to use the 10-percent de minimis indirect cost rate as allowed under Uniform Guidance.
State or local government redistributions of federal awards to AMSI, known as passthrough awards, should be treated by AMSI as though they were received directly from the federal government. The Uniform Guidance requires the schedule to include the name of the passthrough entity and the identifying number assigned by the pass-through entity for the federal awards received as a sub-recipient. Pass-through entity identifying numbers are presented when available. Numbers identified as N/A are not applicable and numbers identified as N/AV are not available.
Title: NOTE E - PROGRAM CLUSTERS
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.
De Minimis Rate Used: N
Rate Explanation: NOTE F - INDIRECT COST RATEAMSI has elected not to use the 10-percent de minimis indirect cost rate as allowed under Uniform Guidance.
The Uniform Guidance defines a cluster of programs as a grouping of closely related programs that share common compliance requirements. According to this definition, the U.S. Office of Management and Budget has identified the WIOA Program as a cluster.