Notes to SEFA
Title: Summary of Significant Accounting Policies
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes federal awardactivity of Transitional Living of North Central Florida, Inc., d/b/a Center for Independent Living ofNorth Central Florida, (the Organization) under programs of the federal government for the year endedSeptember 30, 2022. The information in this schedule is presented in accordance with the requirements ofTitle 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, CostPrinciples, and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedulepresents only a selected portion of the operations of the Organization, it is not intended to and does notpresent the financial position, changes in net assets, or cash flows of the Organization.
De Minimis Rate Used: N
Rate Explanation: The Organization does not elect to use the 10% de minimis indirect cost rate as covered in ?200.414,Indirect (F&A) costs, of the Uniform Guidance.
Expenditures reported on the schedule are reported on the accrual basis of accounting. Such expendituresare recognized following the cost principles contained in the Uniform Guidance, wherein certain types ofexpenditures are not allowable or are limited as to reimbursement.Pass-through entity identifying numbers are presented where available.No amounts were passed through to subrecipients during the year ended September 30, 2022