Title: NOTE A - BASIS OF PRESENTATION
Accounting Policies: 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: Y
Rate Explanation: AMSI has elected to use the 10-percent de minimis indirect cost rate as allowed under Uniform Guidance
and accordingly, consistently used for all federal awards.
The accompanying Schedule of Expenditures of Federal Awards (the schedule) includes the federal grant
activity of AMSI under programs of the federal government for the year ended June 30, 2023. 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 (Uniform Guidance). Because the schedule presents only a selected portion of the
operation of AMSI, it is not intended to and does not present the financial position, changes in net assets or
cash flows of AMSI.
Title: NOTE C – ASSISTANCE LISTING NUMBER
Accounting Policies: 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: Y
Rate Explanation: AMSI has elected to use the 10-percent de minimis indirect cost rate as allowed under Uniform Guidance
and accordingly, consistently used for all federal awards.
The Assistance Listing Number (ALN), formerly known as the Catalog of Federal Domestic Assistance
(CFDA) Number, is a five-digit number assigned in the awarding document for all federal assistance award
mechanisms, including federal grants and cooperative agreements. Assistance listings are detailed public
descriptions of federal programs that provide grants, loans, scholarships, insurance, and other types of
assistance awards. The SAM.GOV assistance listing is the public online database showing all available
federally funded programs.
Title: NOTE D - PASS-THROUGH ENTITY IDENTIFYING NUMBER
Accounting Policies: 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: Y
Rate Explanation: AMSI has elected to use the 10-percent de minimis indirect cost rate as allowed under Uniform Guidance
and accordingly, consistently used for all federal awards.
State or local government redistributions of federal awards to AMSI, known as pass–through awards, should
be treated by AMSI as though they were received directly from the federal government. The Uniform
Guidance requires the schedule to include the name of the pass–through entity and the identifying number
assigned by the pass-through entity for the federal awards received as a sub-recipient. Pass-through entity
identifying numbers are presented when available. Numbers identified as N/A are not applicable and numbers
identified as N/AV are not available.
Title: NOTE E - PROGRAM CLUSTERS
Accounting Policies: 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: Y
Rate Explanation: AMSI has elected to use the 10-percent de minimis indirect cost rate as allowed under Uniform Guidance
and accordingly, consistently used for all federal awards.
The Uniform Guidance defines a cluster of programs as a grouping of closely related programs that share
common compliance requirements. According to this definition, the U.S. Office of Management and Budget
has identified the WIOA Program as a cluster.
Title: NOTE F - INDIRECT COST RATE
Accounting Policies: 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: Y
Rate Explanation: AMSI has elected to use the 10-percent de minimis indirect cost rate as allowed under Uniform Guidance
and accordingly, consistently used for all federal awards.
AMSI has elected to use the 10-percent de minimis indirect cost rate as allowed under Uniform Guidance
and accordingly, consistently used for all federal awards.
Title: NOTE G - RECONCILIATION OF EXPENDITURES PRESENTED IN THE SCHEDULE OF
EXPENDITURES OF FEDERAL AWARDS TO THE EXPENSES PRESENTED IN THE
FINANCIAL STATEMENTS
Accounting Policies: 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: Y
Rate Explanation: AMSI has elected to use the 10-percent de minimis indirect cost rate as allowed under Uniform Guidance
and accordingly, consistently used for all federal awards.
Following is a reconciliation of the expenditures reported in the SEFA to the expenses reported in the statement of activities