Notes to SEFA
Title: Loan Outstanding
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the Federal assistance activity of the Social Centers and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards.
De Minimis Rate Used: N
Rate Explanation: The Social Centers has elected not to use the 10% de minimis cost rate for its Federal programs.
Assistance Listing Number 59.008 listed above includes a loan that was fully paid off during fiscal year 2022.
Title: Reissuance of Schedule of Expenditures of Federal Awards
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the Federal assistance activity of the Social Centers and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards.
De Minimis Rate Used: N
Rate Explanation: The Social Centers has elected not to use the 10% de minimis cost rate for its Federal programs.
Subsequent to issuance of the June 30, 2022 financial statements, the Social Centers discovered that Child Welfare Research Training or Demonstration program (AL #93.648) erroneously was not included in the SEFA. On February 5, 2024, the accompanying SEFA has been corrected to reflect this change. This correction did not impact the major program determination for the year ended June 30, 2022.