Notes to SEFA
Title: NOTE 1 - BASIS OF PRESENTATION
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of The Salvation Army Chicago City Fund (the Army), formerly The Salvation Army Metropolitan Division, for the year ended September 30, 2023, and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with 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). Therefore, some amounts presented in this schedule may differ from amounts presented in or used in preparation of the consolidated financial statements.
De Minimis Rate Used: Y
Rate Explanation: The Army has elected to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
The accompanying schedule of expenditures of federal awards includes the federal grant activity of The Salvation Army Chicago City Fund (the Army), formerly The Salvation Army Metropolitan Division, for the year ended September 30, 2023, and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with 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). Therefore, some amounts presented in this schedule may differ from amounts presented in or used in preparation of the consolidated financial statements.
Title: NOTE 2 - INDIRECT COST RATE
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of The Salvation Army Chicago City Fund (the Army), formerly The Salvation Army Metropolitan Division, for the year ended September 30, 2023, and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with 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). Therefore, some amounts presented in this schedule may differ from amounts presented in or used in preparation of the consolidated financial statements.
De Minimis Rate Used: Y
Rate Explanation: The Army has elected to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
The Army has elected to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
Title: NOTE 3 - NON-CASH ASSISTANCE
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of The Salvation Army Chicago City Fund (the Army), formerly The Salvation Army Metropolitan Division, for the year ended September 30, 2023, and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with 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). Therefore, some amounts presented in this schedule may differ from amounts presented in or used in preparation of the consolidated financial statements.
De Minimis Rate Used: Y
Rate Explanation: The Army has elected to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
Amounts received in non-cash federal assistance for the Emergency Food Assistance Program (ALN 10.569) was $49,570 for the year ended September 30, 2023.