Notes to SEFA
Title: Contingencies
Accounting Policies: The accompanying Schedule of Federal Awards include the federal grant activity of Catholic Charities, Inc. (a nonprofit organization) and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirement 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 the preparation of, the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The organization has elected to not use the 10% percent minimum indirect cost rate allowed under the Uniform Guidance
The entity had in effect for the fiscal year ended June 30, 2023 the following insurance coverage: General Liability $600,000; Crime - Employee Dishonesty $25,000.