Title: NOTE A - BASIS OF PRESENTATION
Accounting Policies: NOTE A - BASIS OF PRESENTATION
The accompanying Schedule of Expenditures of Federal Awards and State Financial Assistance (the “Schedule”) includes the federal and state award activity of Heartland for Children, Inc. under programs of the federal government and 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 Chapter 10.650 Rules of the Auditor General. Because the Schedule presents only a selected portion of the operations of Heartland for Children, Inc., it is not intended to and does not present the financial position, changes in net assets, or cash flows of Heartland for Children, Inc.
NOTE B - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
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 Chapter 10.650 Rules of the Auditor General, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Heartland for Children, Inc. has elected not to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance.
NOTE C - STATE MATCHING FUNDS FOR FEDERAL PROGRAMS
State funds awarded to HFC as matching funds for federal programs consisted of the following:
Heartland for Children, Inc.
NOTES TO SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS
AND STATE FINANCIAL ASSISTANCE - CONTINUED
June 30, 2023
NOTE D - RECONCILIATION OF FEDERAL AWARDS AND STATE FINANCIAL ASSISTANCE TO THE FINANCIAL STATEMENTS
Following is a reconciliation of the Schedule of Expenditures of Federal Awards and State Financial Assistance to the total funding reported to HFC by the Department of Children and Families in the Fiscal Year 2022-23 Post Award Notice of Federal Awards and State Financial Assistance:
De Minimis Rate Used: N
Rate Explanation: 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 Chapter 10.650 Rules of the Auditor General, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Heartland for Children, Inc. has elected not to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance.
The accompanying Schedule of Expenditures of Federal Awards and State Financial Assistance (the “Schedule”) includes the federal and state award activity of Heartland for Children, Inc. under programs of the federal government and 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 Chapter 10.650 Rules of the Auditor General. Because the Schedule presents only a selected portion of the operations of Heartland for Children, Inc., it is not intended to and does not present the financial position, changes in net assets, or cash flows of Heartland for Children, Inc.
Title: NOTE B - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Accounting Policies: NOTE A - BASIS OF PRESENTATION
The accompanying Schedule of Expenditures of Federal Awards and State Financial Assistance (the “Schedule”) includes the federal and state award activity of Heartland for Children, Inc. under programs of the federal government and 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 Chapter 10.650 Rules of the Auditor General. Because the Schedule presents only a selected portion of the operations of Heartland for Children, Inc., it is not intended to and does not present the financial position, changes in net assets, or cash flows of Heartland for Children, Inc.
NOTE B - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
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 Chapter 10.650 Rules of the Auditor General, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Heartland for Children, Inc. has elected not to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance.
NOTE C - STATE MATCHING FUNDS FOR FEDERAL PROGRAMS
State funds awarded to HFC as matching funds for federal programs consisted of the following:
Heartland for Children, Inc.
NOTES TO SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS
AND STATE FINANCIAL ASSISTANCE - CONTINUED
June 30, 2023
NOTE D - RECONCILIATION OF FEDERAL AWARDS AND STATE FINANCIAL ASSISTANCE TO THE FINANCIAL STATEMENTS
Following is a reconciliation of the Schedule of Expenditures of Federal Awards and State Financial Assistance to the total funding reported to HFC by the Department of Children and Families in the Fiscal Year 2022-23 Post Award Notice of Federal Awards and State Financial Assistance:
De Minimis Rate Used: N
Rate Explanation: 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 Chapter 10.650 Rules of the Auditor General, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Heartland for Children, Inc. has elected not to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance.
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 Chapter 10.650 Rules of the Auditor General, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Heartland for Children, Inc. has elected not to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance.
Title: NOTE C - STATE MATCHING FUNDS FOR FEDERAL PROGRAMS
Accounting Policies: NOTE A - BASIS OF PRESENTATION
The accompanying Schedule of Expenditures of Federal Awards and State Financial Assistance (the “Schedule”) includes the federal and state award activity of Heartland for Children, Inc. under programs of the federal government and 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 Chapter 10.650 Rules of the Auditor General. Because the Schedule presents only a selected portion of the operations of Heartland for Children, Inc., it is not intended to and does not present the financial position, changes in net assets, or cash flows of Heartland for Children, Inc.
NOTE B - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
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 Chapter 10.650 Rules of the Auditor General, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Heartland for Children, Inc. has elected not to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance.
NOTE C - STATE MATCHING FUNDS FOR FEDERAL PROGRAMS
State funds awarded to HFC as matching funds for federal programs consisted of the following:
Heartland for Children, Inc.
NOTES TO SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS
AND STATE FINANCIAL ASSISTANCE - CONTINUED
June 30, 2023
NOTE D - RECONCILIATION OF FEDERAL AWARDS AND STATE FINANCIAL ASSISTANCE TO THE FINANCIAL STATEMENTS
Following is a reconciliation of the Schedule of Expenditures of Federal Awards and State Financial Assistance to the total funding reported to HFC by the Department of Children and Families in the Fiscal Year 2022-23 Post Award Notice of Federal Awards and State Financial Assistance:
De Minimis Rate Used: N
Rate Explanation: 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 Chapter 10.650 Rules of the Auditor General, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Heartland for Children, Inc. has elected not to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance.
State funds awarded to HFC as matching funds for federal programs consisted of the following: Federal Program Title Federal Assistance Listing Number Pass-Through Entity Identifying Number Expenditures To Be Tested Pursuant to OCA Activity 90.XXX TJ501 $9,273,869
Guardianship Assistance 93.090 TJ501 278,778
Promoting Safe and Stable Families 93.556 TJ501 17,417
Temporary Assistance for Needy Families (TANF) 93.558 TJ501 1,132,849
Stephanie Tubbs Jones Child Welfare
Services Program 93.645 TJ501 207,723
Foster Care - Title IV-E 93.658 TJ501 8,164,338
Adoption Assistance - Title IV-E 93.659 TJ501 4,276,024
John H. Chafee Foster Care Program for
Successful Transition to Adulthood 93.674 TJ501 108,370
Medical Assistance Program (Medicaid; Title XIX) 93.778 TJ501 70,132
Total state funds awarded for matching on contract TJ501 $23,529,500
Title: NOTE D - RECONCILIATION OF FEDERAL AWARDS AND STATE FINANCIAL ASSISTANCE TO THE FINANCIAL STATEMENTS
Accounting Policies: NOTE A - BASIS OF PRESENTATION
The accompanying Schedule of Expenditures of Federal Awards and State Financial Assistance (the “Schedule”) includes the federal and state award activity of Heartland for Children, Inc. under programs of the federal government and 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 Chapter 10.650 Rules of the Auditor General. Because the Schedule presents only a selected portion of the operations of Heartland for Children, Inc., it is not intended to and does not present the financial position, changes in net assets, or cash flows of Heartland for Children, Inc.
NOTE B - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
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 Chapter 10.650 Rules of the Auditor General, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Heartland for Children, Inc. has elected not to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance.
NOTE C - STATE MATCHING FUNDS FOR FEDERAL PROGRAMS
State funds awarded to HFC as matching funds for federal programs consisted of the following:
Heartland for Children, Inc.
NOTES TO SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS
AND STATE FINANCIAL ASSISTANCE - CONTINUED
June 30, 2023
NOTE D - RECONCILIATION OF FEDERAL AWARDS AND STATE FINANCIAL ASSISTANCE TO THE FINANCIAL STATEMENTS
Following is a reconciliation of the Schedule of Expenditures of Federal Awards and State Financial Assistance to the total funding reported to HFC by the Department of Children and Families in the Fiscal Year 2022-23 Post Award Notice of Federal Awards and State Financial Assistance:
De Minimis Rate Used: N
Rate Explanation: 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 Chapter 10.650 Rules of the Auditor General, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Heartland for Children, Inc. has elected not to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance.
Following is a reconciliation of the Schedule of Expenditures of Federal Awards and State Financial Assistance to the total funding reported to HFC by the Department of Children and Families in the Fiscal Year 2022-23 Post Award Notice of Federal Awards and State Financial Assistance: Total federal awards and state financial assistance per the
Florida Department of Children and Families Post Award
Notice for contract TJ501 $65,132,069
Add:
Expenditures of state awards received in prior fiscal years
and expended in fiscal year 2023 1,273,047
Expenditures of federal and state financial assistance received
from other contracts 274,964
Less:
State financial assistance received in fiscal year 2023 and
revenue recognition deferred until future periods 646,567
Total governmental grant revenues per the financial statements $66,033,513