Notes to SEFA
Title: Basis of Presentation
Accounting Policies: Expenditures reported on the schedule are reported on the accrual basis of accounting. Such expendituresare recognized following the cost principles contained in the Uniform Guidance, wherein certain types ofexpenditures are not allowed or are limited as to reimbursement.
De Minimis Rate Used: Y
Rate Explanation: Life Management Center of Northwest Florida and affiliates have elected to use the 10 percent deminimis indirect cost rate as allowed under Uniform Guidance.
The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the Federalawards activity of Life Management Center of Northwest Florida and Affiliates under programs of thefederal government for the year ended June 30, 2022 in accordance with the requirements of Title 2 U.S.Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and AuditRequirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selectedportion of the operations of Life Management Center of Northwest Florida and Affiliates it is notintended to and does not present the financial position, changes in net assets, or cash flows of LifeManagement Center of Northwest Florida and Affiliates.
Title: Subrecipients
Accounting Policies: Expenditures reported on the schedule are reported on the accrual basis of accounting. Such expendituresare recognized following the cost principles contained in the Uniform Guidance, wherein certain types ofexpenditures are not allowed or are limited as to reimbursement.
De Minimis Rate Used: Y
Rate Explanation: Life Management Center of Northwest Florida and affiliates have elected to use the 10 percent deminimis indirect cost rate as allowed under Uniform Guidance.
For the year ended June 30, 2022, there were no amounts passed through to subrecipients.