Title: Basis of Presentation and Summary of Significant Accounting Policies
Accounting Policies: The accompanying consolidated schedule of expenditures of federal awards and state financial assistance (the “Schedule”) includes the federal and state award activity of A Kid’s Place of Tampa Bay, Inc. and Subsidiaries under programs of the federal government and the State of Florida for the year ended June 30, 2023. 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) and the State of Florida Chapter 10.650, Rules of the Auditor General. Because the schedule presents only a selected portion of the operations of the A Kid’s Place of Tampa Bay, Inc. and Subsidiaries it is not intended to and does not present the financial position, changes in net assets or cash flow of A Kid’s Place of Tampa Bay, Inc. and Subsidiaries.
Some amounts presented in the schedule may differ from amounts presented or used in the preparation of the financial statements.
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 and cost principles established by the State of Florida Department of Financial Services, wherein certain types of expenditures are not allowable or are limited as to reimbursement
De Minimis Rate Used: N
Rate Explanation: The Organization has elected not to use the 10-percent de minimis indirect cost rate under the Uniform Guidance.
The accompanying consolidated schedule of expenditures of federal awards and state financial assistance (the “Schedule”) includes the federal and state award activity of A Kid’s Place of Tampa Bay, Inc. and Subsidiaries under programs of the federal government and the State of Florida for the year ended June 30, 2023. 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) and the State of Florida Chapter 10.650, Rules of the Auditor General. Because the schedule presents only a selected portion of the operations of the A Kid’s Place of Tampa Bay, Inc. and Subsidiaries it is not intended to and does not present the financial position, changes in net assets or cash flow of A Kid’s Place of Tampa Bay, Inc. and Subsidiaries.
Some amounts presented in the schedule may differ from amounts presented or used in the preparation of the financial statements.
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 and cost principles established by the State of Florida Department of Financial Services, wherein certain types of expenditures are not allowable or are limited as to reimbursement
Title: Indirect Cost Rate
Accounting Policies: The accompanying consolidated schedule of expenditures of federal awards and state financial assistance (the “Schedule”) includes the federal and state award activity of A Kid’s Place of Tampa Bay, Inc. and Subsidiaries under programs of the federal government and the State of Florida for the year ended June 30, 2023. 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) and the State of Florida Chapter 10.650, Rules of the Auditor General. Because the schedule presents only a selected portion of the operations of the A Kid’s Place of Tampa Bay, Inc. and Subsidiaries it is not intended to and does not present the financial position, changes in net assets or cash flow of A Kid’s Place of Tampa Bay, Inc. and Subsidiaries.
Some amounts presented in the schedule may differ from amounts presented or used in the preparation of the financial statements.
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 and cost principles established by the State of Florida Department of Financial Services, wherein certain types of expenditures are not allowable or are limited as to reimbursement
De Minimis Rate Used: N
Rate Explanation: The Organization has elected not to use the 10-percent de minimis indirect cost rate under the Uniform Guidance.
The Organization has elected not to use the 10-percent de minimis indirect cost rate under the Uniform Guidance.
Title: Loan Guarantees
Accounting Policies: The accompanying consolidated schedule of expenditures of federal awards and state financial assistance (the “Schedule”) includes the federal and state award activity of A Kid’s Place of Tampa Bay, Inc. and Subsidiaries under programs of the federal government and the State of Florida for the year ended June 30, 2023. 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) and the State of Florida Chapter 10.650, Rules of the Auditor General. Because the schedule presents only a selected portion of the operations of the A Kid’s Place of Tampa Bay, Inc. and Subsidiaries it is not intended to and does not present the financial position, changes in net assets or cash flow of A Kid’s Place of Tampa Bay, Inc. and Subsidiaries.
Some amounts presented in the schedule may differ from amounts presented or used in the preparation of the financial statements.
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 and cost principles established by the State of Florida Department of Financial Services, wherein certain types of expenditures are not allowable or are limited as to reimbursement
De Minimis Rate Used: N
Rate Explanation: The Organization has elected not to use the 10-percent de minimis indirect cost rate under the Uniform Guidance.
The U.S. Department of Housing and Urban Development Program, Community Development Block Grants / Entitlement Program for $338,136 was expended during the fiscal year ended June 30, 2023 is included in this year’s Schedule of Expenditures of Federal Awards due to the ongoing loan guarantee associated with this program through fiscal year 2028. The outstanding balance at June 30, 2023 is $338,136.
Title: Subrecipients
Accounting Policies: The accompanying consolidated schedule of expenditures of federal awards and state financial assistance (the “Schedule”) includes the federal and state award activity of A Kid’s Place of Tampa Bay, Inc. and Subsidiaries under programs of the federal government and the State of Florida for the year ended June 30, 2023. 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) and the State of Florida Chapter 10.650, Rules of the Auditor General. Because the schedule presents only a selected portion of the operations of the A Kid’s Place of Tampa Bay, Inc. and Subsidiaries it is not intended to and does not present the financial position, changes in net assets or cash flow of A Kid’s Place of Tampa Bay, Inc. and Subsidiaries.
Some amounts presented in the schedule may differ from amounts presented or used in the preparation of the financial statements.
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 and cost principles established by the State of Florida Department of Financial Services, wherein certain types of expenditures are not allowable or are limited as to reimbursement
De Minimis Rate Used: N
Rate Explanation: The Organization has elected not to use the 10-percent de minimis indirect cost rate under the Uniform Guidance.
The Organization did not provide any federal awards or state financial assistance to subrecipients.
Title: Matching Funds for Federal Programs
Accounting Policies: The accompanying consolidated schedule of expenditures of federal awards and state financial assistance (the “Schedule”) includes the federal and state award activity of A Kid’s Place of Tampa Bay, Inc. and Subsidiaries under programs of the federal government and the State of Florida for the year ended June 30, 2023. 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) and the State of Florida Chapter 10.650, Rules of the Auditor General. Because the schedule presents only a selected portion of the operations of the A Kid’s Place of Tampa Bay, Inc. and Subsidiaries it is not intended to and does not present the financial position, changes in net assets or cash flow of A Kid’s Place of Tampa Bay, Inc. and Subsidiaries.
Some amounts presented in the schedule may differ from amounts presented or used in the preparation of the financial statements.
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 and cost principles established by the State of Florida Department of Financial Services, wherein certain types of expenditures are not allowable or are limited as to reimbursement
De Minimis Rate Used: N
Rate Explanation: The Organization has elected not to use the 10-percent de minimis indirect cost rate under the Uniform Guidance.
The Organization received funds as matching funds for federal programs totaling $434,784. These expenditures are not subject to Uniform Guidance or the Florida Single Audit Act.