Title: Basis of Presentation
Accounting Policies: NOTE 2 - 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, Cost Principles for Non-Profit Organizations, wherein certain types of expenditures are not allowable or are limited as to reimbursement. The Organization has not recovered its indirect costs using the 10% de minimis indirect cost rate as provided under the Uniform Guidance. Pass-through entity identifying numbers are presented when available. The amount presented on the schedule for the COVID-19 - Provider Relief Fund (PRF), Assistance Listing No. 93.498, for the year ended June 30, 2023 includes a total of $510,747 of PRF funds received from the U.S. Department of Health and Human Services (HHS), of which $402,883 was recieved between July 2021 and December 2021 and $107,864 was received between January 2022 and June 2022. In accordance with the guidance from HHS, these amounts are presented as Period 4 and Period 5, respectively, in the HHS PRF Reporting Portal. The PRF funds of $510,747 were recognized as operating revenues in the Organization's consolidated financial statements for the fiscal year ended June 30, 2023.
De Minimis Rate Used: N
Rate Explanation: The Organization has not recovered its indirect costs using the 10% de minimis indirect cost rate as provided under the Uniform Guidance.
The accompanying schedule of expenditures of federal awards (the schedule) includes the federal award activity of Marrakech, Inc., Marrakech Housing Options, Inc., Marrakech Day Services, Inc., and Marrakech Residential Services, Inc. (the Organization) under programs of the Federal Government for the fiscal 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), with the exception of the COVID-19 - Provider Relief Fund (PRF), Assistance Listing No. 93.498, which is presented in accordance with program requirements, as described below. Because the schedule presents only a selected portion of the operations of the Organization, it is not intended to and does not present the financial position, changes in net assets or cash flows of the Organization.
Title: Summary of Significant accounting policies
Accounting Policies: NOTE 2 - 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, Cost Principles for Non-Profit Organizations, wherein certain types of expenditures are not allowable or are limited as to reimbursement. The Organization has not recovered its indirect costs using the 10% de minimis indirect cost rate as provided under the Uniform Guidance. Pass-through entity identifying numbers are presented when available. The amount presented on the schedule for the COVID-19 - Provider Relief Fund (PRF), Assistance Listing No. 93.498, for the year ended June 30, 2023 includes a total of $510,747 of PRF funds received from the U.S. Department of Health and Human Services (HHS), of which $402,883 was recieved between July 2021 and December 2021 and $107,864 was received between January 2022 and June 2022. In accordance with the guidance from HHS, these amounts are presented as Period 4 and Period 5, respectively, in the HHS PRF Reporting Portal. The PRF funds of $510,747 were recognized as operating revenues in the Organization's consolidated financial statements for the fiscal year ended June 30, 2023.
De Minimis Rate Used: N
Rate Explanation: The Organization has not recovered its indirect costs using the 10% de minimis indirect cost rate as provided 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, Cost Principles for Non-Profit Organizations, wherein certain types of expenditures are not allowable or are limited as to reimbursement. The Organization has not recovered its indirect costs using the 10% de minimis indirect cost rate as provided under the Uniform Guidance. Pass-through entity identifying numbers are presented when available. The amount presented on the schedule for the COVID-19 - Provider Relief Fund (PRF), Assistance Listing No. 93.498, for the year ended June 30, 2023 includes a total of $510,747 of PRF funds received from the U.S. Department of Health and Human Services (HHS), of which $402,883 was recieved between July 2021 and December 2021 and $107,864 was received between January 2022 and June 2022. In accordance with the guidance from HHS, these amounts are presented as Period 4 and Period 5, respectively, in the HHS PRF Reporting Portal. The PRF funds of $510,747 were recognized as operating revenues in the Organization's consolidated financial statements for the fiscal year ended June 30, 2023.