Notes to SEFA
Title: Basis of Presentation
Accounting Policies: Expenditures – 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, or other applicable cost principles wherein certain types of expenditures are not allowable or are limited to reimbursement.
Indirect Cost Rate – The Center has elected to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.
Pass-through Grantor’s Number – Pass-through entity project/contract numbers are presented where available.
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate.
The accompanying schedule of expenditures of federal awards (Schedule) includes the federal award activity of Gads Hill Center (Center) 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 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 the Center, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the Center.
Title: Subrecipients
Accounting Policies: Expenditures – 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, or other applicable cost principles wherein certain types of expenditures are not allowable or are limited to reimbursement.
Indirect Cost Rate – The Center has elected to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.
Pass-through Grantor’s Number – Pass-through entity project/contract numbers are presented where available.
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate.
The Center provided no federal awards to subrecipients during the fiscal year ended June 30, 2023.
Title: Nonmonetary Assistance
Accounting Policies: Expenditures – 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, or other applicable cost principles wherein certain types of expenditures are not allowable or are limited to reimbursement.
Indirect Cost Rate – The Center has elected to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.
Pass-through Grantor’s Number – Pass-through entity project/contract numbers are presented where available.
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate.
The Center neither received nor disbursed federal awards in the form of nonmonetary assistance during the fiscal year ended June 30, 2023.
Title: Insurance and Loans or Loan Guarantees
Accounting Policies: Expenditures – 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, or other applicable cost principles wherein certain types of expenditures are not allowable or are limited to reimbursement.
Indirect Cost Rate – The Center has elected to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.
Pass-through Grantor’s Number – Pass-through entity project/contract numbers are presented where available.
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate.
During the year ended June 30, 2023, the Center received no insurance, loans, loan guarantees or other federal assistance for the purpose of administering federal programs.
Title: Donated Personal Protective Equipment (unaudited)
Accounting Policies: Expenditures – 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, or other applicable cost principles wherein certain types of expenditures are not allowable or are limited to reimbursement.
Indirect Cost Rate – The Center has elected to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.
Pass-through Grantor’s Number – Pass-through entity project/contract numbers are presented where available.
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate.
The Center did not receive any in-kind donations of personal protective equipment that was funded by direct or pass-through federal awards.