Title: BASIS OF ACCOUNTING & PRESENTATION
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards is prepared using the accrual basis method 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). Therefore, some of the amounts presented in this schedule may differ from
amounts presented in or used in the preparation of the financial statements.
De Minimis Rate Used: N
Rate Explanation: The Organization has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
Amounts reported in the accompanying schedule agree with the amounts reported in the related periodic federal
financial reports.
Title: SUBRECIPIENTS
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards is prepared using the accrual basis method 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). Therefore, some of the amounts presented in this schedule may differ from
amounts presented in or used in the preparation of the financial statements.
De Minimis Rate Used: N
Rate Explanation: The Organization has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
The Organization had no federal expenditures as presented in the Schedule of Expenditures of Federal Awards
that were provided to subrecipients.
Title: GENERAL
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards is prepared using the accrual basis method 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). Therefore, some of the amounts presented in this schedule may differ from
amounts presented in or used in the preparation of the financial statements.
De Minimis Rate Used: N
Rate Explanation: The Organization has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
The accompanying Schedule of Expenditures of Federal Awards presents all the activity of all the federal award
programs of Dayle McIntosh Center for the Disabled (the Organization) for the year ended September 30, 2023.
Federal awards received directly from federal agencies as well as federal awards passed through other
government agencies are included on the schedule.Outstanding federally funded program loans, with a continuing compliance requirement, carried balances as of
June 30, 2023 as follows:
Federal
CFDA # Program Title June 30, 2022 New Loans
Principal
Repayment June 30, 2023
10.767 * Intermediary Relending Program (IRP) $ 1,616,666 $ - $ (165,707) $ 1,450,959
10.870 * Rural Microentrepreneur Assistance Program (RMAP) 380,108 - (38,245) 341,863
$ 1,996,774 $ - $ (203,952) $ 1,792,822
Title: RELATIONSHIP TO FINANCIAL STATEMENTS
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards is prepared using the accrual basis method 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). Therefore, some of the amounts presented in this schedule may differ from
amounts presented in or used in the preparation of the financial statements.
De Minimis Rate Used: N
Rate Explanation: The Organization has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
Federal award revenues are reported in the Organization’s financial statements as grants and contracts revenue
in the with donor restrictions net asset category.