Title: BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (schedule) includes federal award activity of Legal Aid Chicago for the year ended December 31, 2023, and is presented on the accrual basis 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). Because the schedule presents only a selected portion of the operations of Legal Aid Chicago, it is not intended to and does not present the financial position, changes in net assets, or cash flows of Legal Aid Chicago. The Organization maintains separate general ledger accounts for each grant. There were no noncash awards in the current year. Expenditures reported on the schedule are reported on an accrual basis of accounting. Such expenditures are recognized following, as applicable, 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, wherein certain types of expenditures are not allowed or are limited as to reimbursement. Pass-through entity identifying numbers are presented where available.
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate.
The accompanying Schedule of Expenditures of Federal Awards (schedule) includes federal award activity of Legal Aid Chicago for the year ended December 31, 2023, and is presented on the accrual basis 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). Because the schedule presents only a selected portion of the operations of Legal Aid Chicago, it is not intended to and does not present the financial position, changes in net assets, or cash flows of Legal Aid Chicago.
The Organization maintains separate general ledger accounts for each grant. There were no noncash awards in the current year.
Expenditures reported on the schedule are reported on an accrual basis of accounting. Such expenditures are recognized following, as applicable, 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, wherein certain types of expenditures are not allowed or are limited as to reimbursement.
Pass-through entity identifying numbers are presented where available.
Title: INDIRECT FACILITIES AND ADMINISTRATION COSTS
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (schedule) includes federal award activity of Legal Aid Chicago for the year ended December 31, 2023, and is presented on the accrual basis 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). Because the schedule presents only a selected portion of the operations of Legal Aid Chicago, it is not intended to and does not present the financial position, changes in net assets, or cash flows of Legal Aid Chicago. The Organization maintains separate general ledger accounts for each grant. There were no noncash awards in the current year. Expenditures reported on the schedule are reported on an accrual basis of accounting. Such expenditures are recognized following, as applicable, 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, wherein certain types of expenditures are not allowed or are limited as to reimbursement. Pass-through entity identifying numbers are presented where available.
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate.
Legal Aid Chicago did elect to use the 10% de minimis cost rate.
Title: Subrecipients
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (schedule) includes federal award activity of Legal Aid Chicago for the year ended December 31, 2023, and is presented on the accrual basis 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). Because the schedule presents only a selected portion of the operations of Legal Aid Chicago, it is not intended to and does not present the financial position, changes in net assets, or cash flows of Legal Aid Chicago. The Organization maintains separate general ledger accounts for each grant. There were no noncash awards in the current year. Expenditures reported on the schedule are reported on an accrual basis of accounting. Such expenditures are recognized following, as applicable, 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, wherein certain types of expenditures are not allowed or are limited as to reimbursement. Pass-through entity identifying numbers are presented where available.
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate.
Legal Aid Chicago provided $13,725 of federal awards to subrecipients during the year ended December 31, 2023.
Title: FEDERAL LOANS, FEDERAL LOAN GUARANTEES, AND FEDERAL NONCASH ASSISTANCE
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (schedule) includes federal award activity of Legal Aid Chicago for the year ended December 31, 2023, and is presented on the accrual basis 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). Because the schedule presents only a selected portion of the operations of Legal Aid Chicago, it is not intended to and does not present the financial position, changes in net assets, or cash flows of Legal Aid Chicago. The Organization maintains separate general ledger accounts for each grant. There were no noncash awards in the current year. Expenditures reported on the schedule are reported on an accrual basis of accounting. Such expenditures are recognized following, as applicable, 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, wherein certain types of expenditures are not allowed or are limited as to reimbursement. Pass-through entity identifying numbers are presented where available.
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate.
Legal Aid Chicago did not have any federal loans or federal loan guarantees outstanding at December 31, 2023. Legal Aid Chicago did not receive any federal noncash assistance during the year ended December 31, 2023 that should be included in the Schedule of Expenditures of Federal Awards.