Notes to SEFA
Title: Basis of Presentation
Accounting Policies: Expenditures on SEFA are on the accrual basis of accounting and are recognized following the cost principalsin Title 2 U.S. Code of Federal Regulation Part 200
De Minimis Rate Used: Y
Rate Explanation: The auditee used the deminimus cost rate.
The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the federal award activity of Eve's Place, Inc. (the Organization) under programs of the federal government for the year ended June 30, 2023. The information on this Schedule is prepared 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 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: Expenditures on SEFA are on the accrual basis of accounting and are recognized following the cost principalsin Title 2 U.S. Code of Federal Regulation Part 200
De Minimis Rate Used: Y
Rate Explanation: The auditee used the deminimus cost rate.
Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, wherein certain types of expenditures may or may not be allowable or may be limited as to reimbursement. The Organization elected to use the 10 percent de minimis direct cost rate allowed under the Uniform Guidance.
Title: Program Costs/Matching Contributions
Accounting Policies: Expenditures on SEFA are on the accrual basis of accounting and are recognized following the cost principalsin Title 2 U.S. Code of Federal Regulation Part 200
De Minimis Rate Used: Y
Rate Explanation: The auditee used the deminimus cost rate.
The amounts shown as current year expenses represent only the federal grant portion of the program costs. Entire program costs, including Organization’s portion, may be more than shown.
Title: Sub-recipients
Accounting Policies: Expenditures on SEFA are on the accrual basis of accounting and are recognized following the cost principalsin Title 2 U.S. Code of Federal Regulation Part 200
De Minimis Rate Used: Y
Rate Explanation: The auditee used the deminimus cost rate.
There are no sub-recipients