Notes to SEFA
Title: Contingencies
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of Phoenix Programs of Florida, Inc. (“PP Florida”) and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because this schedule presents only a selected portion of the operations of PP Florida, it is not intended to and does present the financial position, changes in net assets, or cash flows of PP Florida. All federal awards passed-through other governmental or non-profit agencies are included in the accompanying schedule.
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 reimbursements. Pass-through identifying numbers are presented when available.
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate.
These federal programs are subject to financial and compliance audits by grantor agencies, which, if instances of material noncompliance are found, may result in disallowed expenditures, and affect PP Florida’s continued participation in specific programs. The amount of expenditures which may be disallowed by the grantor agencies cannot be determined at this time, although PP Florida expects such amounts, if any, to be immaterial.
Title: State Matching Funds for Federal Programs
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of Phoenix Programs of Florida, Inc. (“PP Florida”) and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because this schedule presents only a selected portion of the operations of PP Florida, it is not intended to and does present the financial position, changes in net assets, or cash flows of PP Florida. All federal awards passed-through other governmental or non-profit agencies are included in the accompanying schedule.
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 reimbursements. Pass-through identifying numbers are presented when available.
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate.
See the Notes to the SEFA for chart/table