Title: Contingencies
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. Therefore, the amount of expenditures presented in this Schedule my differ from amounts presented in, or used in the presentation of the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The Schedule includes a portion of allocated costs from a federally approved indirect cost plan. The rate approved for RCMA for the year ended June 30, 2023, is 14% of salaries. The rate is considered a provisional rate which is used when a final, predetermined or fixed rate has not been established for a guarantee. Not all of the grants received by RCMA pay this percentage. RCMA did not elect to use the ten percent diminish indirect cost rate allowed under the Uniform Guidance.
Grant monies received and disbursed by RCMA are for specific purposes and are subject to review by the grantor agencies. Such audits may result in requests for reimbursement due to disallowed expenditures. Based on prior experience, RCMA does not believe that such disallowances, if any, would have a material effect on the financial position of RCMA. As of June 30, 2023, RCMA’s management is not aware of any material questioned or disallowed costs as a result of a grant audits in process or completed.
Title: Subrecipients
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. Therefore, the amount of expenditures presented in this Schedule my differ from amounts presented in, or used in the presentation of the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The Schedule includes a portion of allocated costs from a federally approved indirect cost plan. The rate approved for RCMA for the year ended June 30, 2023, is 14% of salaries. The rate is considered a provisional rate which is used when a final, predetermined or fixed rate has not been established for a guarantee. Not all of the grants received by RCMA pay this percentage. RCMA did not elect to use the ten percent diminish indirect cost rate allowed under the Uniform Guidance.
RCMA records expenditures of federal program and state projects when paid in cash to a pass-through entity. For the year ended June 30, 2023, RCMA did not pass-through any funds to subrecipients as reflected in the Schedule.
Title: General
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. Therefore, the amount of expenditures presented in this Schedule my differ from amounts presented in, or used in the presentation of the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The Schedule includes a portion of allocated costs from a federally approved indirect cost plan. The rate approved for RCMA for the year ended June 30, 2023, is 14% of salaries. The rate is considered a provisional rate which is used when a final, predetermined or fixed rate has not been established for a guarantee. Not all of the grants received by RCMA pay this percentage. RCMA did not elect to use the ten percent diminish indirect cost rate allowed under the Uniform Guidance.
The accompanying Schedule of Expenditures of Federal Awards and State Financial Assistance presents the activity of all federal and state award programs of Redlands Chrisitan Migrant Association, Inc. (“RCMA”) for the year ended June 30, 2023. The information in the Schedule 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, Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance), Chapter 10.650, Rules of the Auditor General, and the Rules of the Executive Office of the Governor of the State of Florida. Therefore, some amounts presented in this Schedule may differ from amounts presented in, or used in, the preparation of the basic financial statements.