Notes to SEFA
Title: Basis of Presentation
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting.Entire program costs, including the Organizations portion, are more than shown. Suchexpenditures are recognized following the cost principles contained in Title 2 U.S. Code ofFederal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, andAudit Requirements for Federal Awards, wherein certain types of expenditures are notallowable or are limited as to reimbursements.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The accompanying schedule of expenditures of federal awards (the Schedule) includes thefederal and state award activity of Urban Jacksonville, Inc. DBA Aging True underprograms of the federal and state governments for the year ended September 30, 2022. Theinformation in this Schedule is presented in accordance with the requirements of Title 2 U.S.Code of Federal Regulations Part 200, Uniform Administrative Requirements, CostPrinciples, and Audit Requirements for Federal Awards (Uniform Guidance) and Chapter10.650 Rules of the Auditor General of the state of Florida. Because the Schedule presentsonly a selected portion of the operations of the Urban Jacksonville, Inc. DBA Aging True itis not intended to and does not present the financial position, changes in net assets, or cashflows of Urban Jacksonville, Inc. DBA Aging True.
Title: Indirect Cost
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting.Entire program costs, including the Organizations portion, are more than shown. Suchexpenditures are recognized following the cost principles contained in Title 2 U.S. Code ofFederal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, andAudit Requirements for Federal Awards, wherein certain types of expenditures are notallowable or are limited as to reimbursements.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The Organization did not have any indirect costs related to its federal programs for the yearended September 30, 2022, and has not made an election with regards to indirect costs asdefined by CFR Part 200, Appendix IV.