Notes to SEFA
Title: NOTE 1 – BASIS OF PRESENTATION
Accounting Policies: The accompanying schedule of expenditures of federal awards was prepared using the accrual method
of accounting. Expenses are recognized as incurred using the cost accounting principles contained
in the Uniform Guidance. Under those cost principles, certain types of expenses are
not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The Association has elected not use the 10% de minimis indirect cost rate as allowed under the
Uniform Guidance. Expenditures include costs that can be directly identified to a program plus
allocations of applicable indirect costs. The indirect costs applied are negotiated percentages of
direct expenses. Indirect costs applied to awards for the year ended June 30, 2023 were negotiated
with the cognizant federal rate agency, the Department of Health and Human Services and the State
of Maine Department of Health and Human Services, the pass-through entity for
he Association’s Department agreements.
The accompanying schedule of expenditures of federal awards includes the federal grant activity of
Family Planning Association of Maine, Inc. d/b/a Maine Family Planning and 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). Therefore, some amounts presented in this schedule may differ from amounts presented
in, or used in the preparation of, the basic financial statements.
The Association’s federal awards are received either directly from the federal government or
indirectly through “pass-through” organizations.
Title: NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Accounting Policies: The accompanying schedule of expenditures of federal awards was prepared using the accrual method
of accounting. Expenses are recognized as incurred using the cost accounting principles contained
in the Uniform Guidance. Under those cost principles, certain types of expenses are
not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The Association has elected not use the 10% de minimis indirect cost rate as allowed under the
Uniform Guidance. Expenditures include costs that can be directly identified to a program plus
allocations of applicable indirect costs. The indirect costs applied are negotiated percentages of
direct expenses. Indirect costs applied to awards for the year ended June 30, 2023 were negotiated
with the cognizant federal rate agency, the Department of Health and Human Services and the State
of Maine Department of Health and Human Services, the pass-through entity for
he Association’s Department agreements.
The accompanying schedule of expenditures of federal awards was prepared using the accrual method
of accounting. Expenses are recognized as incurred using the cost accounting principles contained
in the Uniform Guidance. Under those cost principles, certain types of expenses are
not allowable or are limited as to reimbursement.