Notes to SEFA
Title: NOTE 1: BASIS OF PRESENTATION
Accounting Policies: The amounts reported on the Schedule have been reconciled to and are in material agreement with amounts recorded in the Center’s accounting records from which the basic financial statements have been reported. Federal or State funds that are not subject to the Uniform Guidance or Florida Single Audit are not included on this schedule. The Center does not have any federal loans, loan guarantees, or noncash assistance relating to federal awards.
De Minimis Rate Used: N
Rate Explanation: The Center has not elected to use a de minimis indirect cost rate for the year ended June 30, 2023.
The accompanying schedule of expenditures of federal awards (“Schedule”) represents amounts expended from federal award programs during the fiscal year as determined on the accrual basis of accounting. 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).