Notes to SEFA
Accounting Policies: NOTE 1: GENERAL INFORMATIONNotes to Schedule of Expenditures of Federal AwardsThe accompanying Schedule of Expenditures of Federal Awards presents the activitiesin all the Federal financial assistance programs of Family Link, Inc. All financialassistance received directly from Federal agencies as well as financial assistancepassed through other governmental agencies or non-profit organizations are includedon the schedule.NOTE 2: BASIS OF ACCOUNTINGThe accompanying Schedule of Expenditures of Federal Awards is presented using theaccrual basis of accounting. The amounts reported in this schedule as expendituresmay differ from certain financial reports submitted to Federal funding agencies due tothose reports being submitted on either a cash or modified accrual basis of accounting.The entity has elected not to use the 10% de minimis indirect cost rate.NOTE 3: RELATIONSHIP TO BASIC FINANCIAL STATEMENTSFederal awards are reported as program expenses and management and general costsin the Statements of Functional Expenses. In certain programs, the expendituresreported in the basic financial statements may differ from the expenditures reported inthe Schedule of Expenditures of Federal Awards due to program expendituresexceeding grant or contract budget limitations, Agency matching, or in-kindcontributions which are not included as Federal awards or capitalization policiesrequired under accounting principles generally accepted in the United States ofAmerica.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.