Notes to SEFA
Title: 1. Basis of Presentation
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (Schedule) includes the Federal award activity of St. Joseph 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 St. Joseph Center, it is not intended to and does not present
the financial position, changes in net assets, or cash flows of St. Joseph Center.
De Minimis Rate Used: N
Rate Explanation: St. Joseph Center has not elected to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.
The accompanying Schedule of Expenditures of Federal Awards (Schedule) includes the Federal award activity of St. Joseph 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 St. Joseph Center, it is not intended to and does not present
the financial position, changes in net assets, or cash flows of St. Joseph Center.
Title: 1. Summary of Significant Accounting Policies
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (Schedule) includes the Federal award activity of St. Joseph 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 St. Joseph Center, it is not intended to and does not present
the financial position, changes in net assets, or cash flows of St. Joseph Center.
De Minimis Rate Used: N
Rate Explanation: St. Joseph Center has not elected to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.
Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in Title 2 U.S. Code of Federal
Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance) , wherein certain types of expenditures are not allowable or
are limited as to reimbursement. Negative amounts shown on the Schedule, if any, represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior
years.
Title: 3. Indirect Cost Rate
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (Schedule) includes the Federal award activity of St. Joseph 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 St. Joseph Center, it is not intended to and does not present
the financial position, changes in net assets, or cash flows of St. Joseph Center.
De Minimis Rate Used: N
Rate Explanation: St. Joseph Center has not elected to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.
St. Joseph Center has not elected to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.