Title: MAJOR FEDERAL PROGRAMS
Accounting Policies: BASIS OF PRESENTATION
The accompanying schedule of expenditures of federal award (the “Schedule”) includes the federal
awards activity of Hogar Manuel Mediavilla Negrón, Inc., (hereinafter Organization), 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 the 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 Organization, it is not intended to and does not present the
financial position, changes in net assets, or cash flows of the Organization.
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
1. The Schedule is prepared from the Organization’s accounting records and is not intended to
present its financial position or the results of its operations.
2. The financial transactions are recorded by the Organization in accordance with the terms and
conditions of the grants, which are consistent with accounting principles generally accepted in
the United States of America.
3. Expenditures are recognized in the accounting period in which the liability is incurred, if
measurable or when actually paid, whichever occurs first.
De Minimis Rate Used: N
Rate Explanation: N/A
Major program is identified in the summary of auditors’ results section in the Schedule of Findings
and Questioned Costs. Federal program is presented by federal agency.
Title: SCHEDULE NOT IN AGREEMENT WITH OTHER FEDERAL AWARDS REPORTING
Accounting Policies: BASIS OF PRESENTATION
The accompanying schedule of expenditures of federal award (the “Schedule”) includes the federal
awards activity of Hogar Manuel Mediavilla Negrón, Inc., (hereinafter Organization), 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 the 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 Organization, it is not intended to and does not present the
financial position, changes in net assets, or cash flows of the Organization.
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
1. The Schedule is prepared from the Organization’s accounting records and is not intended to
present its financial position or the results of its operations.
2. The financial transactions are recorded by the Organization in accordance with the terms and
conditions of the grants, which are consistent with accounting principles generally accepted in
the United States of America.
3. Expenditures are recognized in the accounting period in which the liability is incurred, if
measurable or when actually paid, whichever occurs first.
De Minimis Rate Used: N
Rate Explanation: N/A
The information included in the Schedule may not fully agree with other federal awards reports, submitted directly to federal grantor agency because, among other reasons, the award report may (a) be prepared for a different fiscal period and (b) include cumulative data (from prior years) rather than data from the current year only.
Title: ASSITANCE LISTING NUMBER
Accounting Policies: BASIS OF PRESENTATION
The accompanying schedule of expenditures of federal award (the “Schedule”) includes the federal
awards activity of Hogar Manuel Mediavilla Negrón, Inc., (hereinafter Organization), 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 the 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 Organization, it is not intended to and does not present the
financial position, changes in net assets, or cash flows of the Organization.
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
1. The Schedule is prepared from the Organization’s accounting records and is not intended to
present its financial position or the results of its operations.
2. The financial transactions are recorded by the Organization in accordance with the terms and
conditions of the grants, which are consistent with accounting principles generally accepted in
the United States of America.
3. Expenditures are recognized in the accounting period in which the liability is incurred, if
measurable or when actually paid, whichever occurs first.
De Minimis Rate Used: N
Rate Explanation: N/A
The Assistance Listing Number is a program identification number presented for programs in which such numbers are available. The first two digits identify the federal department or agency that administers the program, and the last three numbers are assigned by numerical sequence.
Title: RELATIONSHIP TO THE STATEMENT OF ACTIVITIES
Accounting Policies: BASIS OF PRESENTATION
The accompanying schedule of expenditures of federal award (the “Schedule”) includes the federal
awards activity of Hogar Manuel Mediavilla Negrón, Inc., (hereinafter Organization), 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 the 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 Organization, it is not intended to and does not present the
financial position, changes in net assets, or cash flows of the Organization.
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
1. The Schedule is prepared from the Organization’s accounting records and is not intended to
present its financial position or the results of its operations.
2. The financial transactions are recorded by the Organization in accordance with the terms and
conditions of the grants, which are consistent with accounting principles generally accepted in
the United States of America.
3. Expenditures are recognized in the accounting period in which the liability is incurred, if
measurable or when actually paid, whichever occurs first.
De Minimis Rate Used: N
Rate Explanation: N/A
The reconciliation of expenses in the Statement of Activities and Changes in Net Assets to the total expenditures of federal awards in the Schedule of Expenditures of Federal Awards is as follows:
Expenses per Statements of Activities and Changes in Net Assets $ 207,175
Plus: Unresfficted Funas Expenditures (I\Jon-Federal) 3,021,326
Depreciation Expense in Federal Programs -
Total Expenditures of Federal Awards in the Schedule of
Expenditures of Federal Awards $ 3,228,501
Title: PASS-THROUGH AWARDS
Accounting Policies: BASIS OF PRESENTATION
The accompanying schedule of expenditures of federal award (the “Schedule”) includes the federal
awards activity of Hogar Manuel Mediavilla Negrón, Inc., (hereinafter Organization), 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 the 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 Organization, it is not intended to and does not present the
financial position, changes in net assets, or cash flows of the Organization.
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
1. The Schedule is prepared from the Organization’s accounting records and is not intended to
present its financial position or the results of its operations.
2. The financial transactions are recorded by the Organization in accordance with the terms and
conditions of the grants, which are consistent with accounting principles generally accepted in
the United States of America.
3. Expenditures are recognized in the accounting period in which the liability is incurred, if
measurable or when actually paid, whichever occurs first.
De Minimis Rate Used: N
Rate Explanation: N/A
The Institution is a subrecipient of several state governmental agencies that are identified in the Schedule. Under pass-through awards, a subrecipient is a nonfederal entity that receives a
subaward from a pass-through entity to carry out part of a federal program but does not include an individual that is a beneficiary of such program. State and local government redistributions of
federal awards to the Institution, known as subawards, are treated by the Institution as though they were received directly from the federal government. That is, federal awards expended as a subrecipient are subject to a single audit on the same basis as that of federal awards that are received directly. The Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance) requires the Schedule to include the name of the pass-through entity and identifying number assigned by the pass-through entity for federal awards received as a subrecipient. Pass-through entity numbers identified in the Schedule as "N/AV" are not available