Title: Subrecipients
Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) summarizes the federal grant expenditures of Spero Family Services under programs of the federal government for the year ended June 30, 2023 and is on the accrual basis of accounting. The information in this Schedule is presented in accordance with 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 Spero Family Services, it is not intended to and does not present the financial position, changes in net position, or cash flows of Spero Family Services. Expenditures reported in 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 of Federal Awards, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: Spero Family Services has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
As required by Uniform Guidance section 310(b)(5), Spero Family Services did not provide any amount of federal funds to subrecipients during fiscal year ended June 30, 2023.
Title: Non-Cash Assistance, Insurance or Loans
Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) summarizes the federal grant expenditures of Spero Family Services under programs of the federal government for the year ended June 30, 2023 and is on the accrual basis of accounting. The information in this Schedule is presented in accordance with 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 Spero Family Services, it is not intended to and does not present the financial position, changes in net position, or cash flows of Spero Family Services. Expenditures reported in 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 of Federal Awards, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: Spero Family Services has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
As required by Uniform Guidance section 310(b)(6), Spero Family Services did not receive or administer any insurance and had no loans or loan guarantees outstanding at year ended June 30, 2023. There was no non-cash assistance received for the fiscal year ended June 30, 2023.
Title: Other Information
Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) summarizes the federal grant expenditures of Spero Family Services under programs of the federal government for the year ended June 30, 2023 and is on the accrual basis of accounting. The information in this Schedule is presented in accordance with 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 Spero Family Services, it is not intended to and does not present the financial position, changes in net position, or cash flows of Spero Family Services. Expenditures reported in 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 of Federal Awards, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: Spero Family Services has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
Spero Family Services had a federal award that required matching expenditures.