Title: BASIS OF PRESENTATION
Accounting Policies: Expenditures reported in the schedule of expenditures of federal awards (SEFA) 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. Negative amounts shown on the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years.
De Minimis Rate Used: N
Rate Explanation: CAPND has not elected the minimum indirect cost rate provided for by the Uniform Guidance, which allows for the allocation of 10% of modified total direct costs (direct salaries and wages, applicable fringe benefits, materials and supplies, services and travel).
The accompanying SEFA includes the federal grant activity of CAPND for the year ended December 31, 2022. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the SEFA presents only a selected portion of the operations of CAPND, it is not intended to and does not present the financial position, changes in net assets, or cash flows of CAPND.
Title: SUBRECIPIENT MONITORING
Accounting Policies: Expenditures reported in the schedule of expenditures of federal awards (SEFA) 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. Negative amounts shown on the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years.
De Minimis Rate Used: N
Rate Explanation: CAPND has not elected the minimum indirect cost rate provided for by the Uniform Guidance, which allows for the allocation of 10% of modified total direct costs (direct salaries and wages, applicable fringe benefits, materials and supplies, services and travel).
CAPND passes through certain federal assistance received from the U.S. Department of Health and Human Services to other nonprofit agencies (subrecipients). As described in Note 1, CAPND records expenditures of federal awards to subrecipients on the accrual basis. The subrecipient agencies have certain compliance responsibilities related to administering these federal programs. Under the Uniform Guidance, CAPND is responsible for monitoring subrecipients to help assure that federal awards are used for authorized purposes in compliance with laws, regulations, and the provision of contracts or grant agreements, and that performance goals are achieved.
Title: FINANCIAL STATEMENT RECONCILIATION
Accounting Policies: Expenditures reported in the schedule of expenditures of federal awards (SEFA) 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. Negative amounts shown on the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years.
De Minimis Rate Used: N
Rate Explanation: CAPND has not elected the minimum indirect cost rate provided for by the Uniform Guidance, which allows for the allocation of 10% of modified total direct costs (direct salaries and wages, applicable fringe benefits, materials and supplies, services and travel).
Government grant revenue per the statement of activities for the year ended December 31,2022 has been reconciled to the total federal expenditures per the schedule of expenditures of federal awards as follows: Government grants $ 2,256,658 Non-federal grants (14,531) Total federal grants $ 2,242,127 Total federal expenditures on SEFA $ 2,242,127