Notes to SEFA
Title: BASIS OF PRESENTATION
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. Amounts passed through to subrecipients are reported on the cash basis in accordance with the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: N/A
The accompanying schedule of expenditures of federal awards (the “Schedule”) includes the federal award activity of Michigan Organization on Adolescent Sexual Health under programs of the federal government for the year ended September 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 Michigan Organization on Adolescent Sexual Health it is not intended to and does not present the financial position, changes in net assets, or cash flows of Michigan Organization on Adolescent Sexual Health.
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. Amounts passed through to subrecipients are reported on the cash basis in accordance with the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: N/A
Michigan Organization on Adolescent Sexual Health passes certain federal awards received from the Michigan Department of Health and Human Services to other not-for-profit agencies (subrecipients). As Note 2 describes, Michigan Organization on Adolescent Sexual Health expenditures passed through the Michigan Department of Health and Human Services are presented on the accrual basis.