Notes to SEFA
Title: Payments to Subrecipients
Accounting Policies: The accompanying schedule of expenditures of federal
award of the New Mexico Coalition of Sexual Assault Program Inc. under programs of the federal government for the year ended June 30, 2023. The information in the 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). Because the schedule presents only a selected portion of the operations of the New Mexico Coalition of Sexual Assault Programs, Inc., it is not intended to and does not present the financial position, changes in net assets or cash flows of the New Mexico Coalition of Sexual Assault Programs, Inc. 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, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The Coalition made the following payments to subrecipients during the year ended June 30, 2023:
Title: Reconciliation of Schedule of Expenditures of Federal Awards to the Financial Statements
Accounting Policies: The accompanying schedule of expenditures of federal
award of the New Mexico Coalition of Sexual Assault Program Inc. under programs of the federal government for the year ended June 30, 2023. The information in the 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). Because the schedule presents only a selected portion of the operations of the New Mexico Coalition of Sexual Assault Programs, Inc., it is not intended to and does not present the financial position, changes in net assets or cash flows of the New Mexico Coalition of Sexual Assault Programs, Inc. 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, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The following is a reconciliation of the expenditures reported on the schedule of expenditures of federal awards to the expenditures reported in the financial statements: