Notes to SEFA
Title: NOTE 1 - BASIS OF PRESENTATION
Accounting Policies: NOTE 1 - BASIS OF PRESENTATION
The accompanying schedules of expenditures of federal and state awards (the "Schedule")
include the federal and state grant activity of Associated Ministries of Tacoma/Pierce County
under programs of the federal and state 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 Associated Ministries of
Tacoma/Pierce County, it is not intended to, and does not, present the financial position,
changes in net assets or cash flows of Associated Ministries of Tacoma/Pierce County.
De Minimis Rate Used: Y
Rate Explanation: Associated Ministries of Tacoma/Pierce County has elected to use the 10 percent de
minimis indirect cost rate as allowed under the Uniform Guidance on programs that did
not approve the use of the approved indirect costs rate.
The accompanying schedules of expenditures of federal and state awards (the "Schedule")
include the federal and state grant activity of Associated Ministries of Tacoma/Pierce County
under programs of the federal and state 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 Associated Ministries of
Tacoma/Pierce County, it is not intended to, and does not, present the financial position,
changes in net assets or cash flows of Associated Ministries of Tacoma/Pierce County.
Title: NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Accounting Policies: NOTE 1 - BASIS OF PRESENTATION
The accompanying schedules of expenditures of federal and state awards (the "Schedule")
include the federal and state grant activity of Associated Ministries of Tacoma/Pierce County
under programs of the federal and state 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 Associated Ministries of
Tacoma/Pierce County, it is not intended to, and does not, present the financial position,
changes in net assets or cash flows of Associated Ministries of Tacoma/Pierce County.
De Minimis Rate Used: Y
Rate Explanation: Associated Ministries of Tacoma/Pierce County has elected to use the 10 percent de
minimis indirect cost rate as allowed under the Uniform Guidance on programs that did
not approve the use of the approved indirect costs rate.
1) 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.
2) Pass-through entity identifying numbers are presented where available.
3) Associated Ministries of Tacoma/Pierce County has elected to use the 10 percent de
minimis indirect cost rate as allowed under the Uniform Guidance on programs that did
not approve the use of the approved indirect costs rate.