Notes to SEFA
Title: 1. Summary of Significant Accounting Policies:
Accounting Policies: Basis of Presentation:
The accompanying Schedule of Expenditures of Federal Awards presents the activity of all federal awards of Catholic Charities of Buffalo, N.Y. (Catholic Charities), an entity as described in Note 1 to its combined financial statements. Federal awards received directly from federal agencies, as well as federal awards passed through other agencies, are included on the Schedule of Expenditures of Federal Awards.
Basis of Accounting:
The accompanying Schedule of Expenditures of Federal Awards is presented using the accrual basis of accounting, consistent with the combined financial statements. The amounts reported as federal expenditures generally were obtained from the appropriate financial reports for the applicable programs and periods. The amounts reported in these financial reports are prepared from records maintained for each program. These records are periodically reconciled to the general ledger which is the source of the financial statements.
Indirect Costs:
Catholic Charities allocates certain indirect costs to federal programs based on an approved indirect cost plan, and as such, does not apply the 10% de minimis rate permitted by the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: Catholic Charities allocates certain indirect costs to federal programs based on an approved indirect cost plan, and as such, does not apply the 10% de minimis rate permitted by the Uniform Guidance.
Basis of Presentation:
The accompanying Schedule of Expenditures of Federal Awards presents the activity of all federal awards of Catholic Charities of Buffalo, N.Y. (Catholic Charities), an entity as described in Note 1 to its combined financial statements. Federal awards received directly from federal agencies, as well as federal awards passed through other agencies, are included on the Schedule of Expenditures of Federal Awards.
Basis of Accounting:
The accompanying Schedule of Expenditures of Federal Awards is presented using the accrual basis of accounting, consistent with the combined financial statements. The amounts reported as federal expenditures generally were obtained from the appropriate financial reports for the applicable programs and periods. The amounts reported in these financial reports are prepared from records maintained for each program. These records are periodically reconciled to the general ledger which is the source of the financial statements.
Indirect Costs:
Catholic Charities allocates certain indirect costs to federal programs based on an approved indirect cost plan, and as such, does not apply the 10% de minimis rate permitted by the Uniform Guidance.
Title: 2. Vouchers:
Accounting Policies: Basis of Presentation:
The accompanying Schedule of Expenditures of Federal Awards presents the activity of all federal awards of Catholic Charities of Buffalo, N.Y. (Catholic Charities), an entity as described in Note 1 to its combined financial statements. Federal awards received directly from federal agencies, as well as federal awards passed through other agencies, are included on the Schedule of Expenditures of Federal Awards.
Basis of Accounting:
The accompanying Schedule of Expenditures of Federal Awards is presented using the accrual basis of accounting, consistent with the combined financial statements. The amounts reported as federal expenditures generally were obtained from the appropriate financial reports for the applicable programs and periods. The amounts reported in these financial reports are prepared from records maintained for each program. These records are periodically reconciled to the general ledger which is the source of the financial statements.
Indirect Costs:
Catholic Charities allocates certain indirect costs to federal programs based on an approved indirect cost plan, and as such, does not apply the 10% de minimis rate permitted by the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: Catholic Charities allocates certain indirect costs to federal programs based on an approved indirect cost plan, and as such, does not apply the 10% de minimis rate permitted by the Uniform Guidance.
The accompanying Schedule of Expenditures of Federal Awards includes $17,931,405 of vouchers paid directly to recipients by the New York State Department of Health for the WIC Special Supplemental Nutrition Program for Women, Infants, and Children, Assistance Listing Number 10.557. No amounts have been reflected in the accompanying combined financial statements, as these vouchers are redeemed directly by the pass-through grantor.