Notes to SEFA
Title: BASIS OF ACCOUNTING
Accounting Policies: THE SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS (SEFA) INCLUDES THE FEDERAL GRANT ACTIVITY OF TWIN CEDARS YOUTH AND FAMILY SERVICES, INC. (THE ORGANIZATION) UNDER PROGRAMS OF THE FEDERAL GOVERNMENT FOR THE YEAR ENDED JUNE 30, 2023. THE INFORMATION IN THE SEFA 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 SEFA PRESENTS ONLY SELECTED PORTION OF THE OPERATIONS OF THE ORGANIZATION, IT IS NOT INTENDED AND DOES NOT, PRESENT FINANCIAL POSITION, CHANGES IN NET ASSETS, OR CASH FLOWS OF THE ORGANIZATION.
De Minimis Rate Used: N
Rate Explanation: THE ORGANIZATIONS UTILIZES COST ALLOCATION PROCESS
THE SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS IS PREPARED ON THE SAME BASIS OF ACCOUNTING AS THE ORGANIZATION'S FINANCIAL STATEMENTS. THE ORGANIZATION USES THE ACCRUAL BASIS OF ACCOUNTING. EXPENDITURES REPRESENT ONLY THE FEDERALLY FUNDED PORTIONS OF THE PROGRAM.
Title: PROGRAM COST/MATCHING CONTRIBUTIONS
Accounting Policies: THE SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS (SEFA) INCLUDES THE FEDERAL GRANT ACTIVITY OF TWIN CEDARS YOUTH AND FAMILY SERVICES, INC. (THE ORGANIZATION) UNDER PROGRAMS OF THE FEDERAL GOVERNMENT FOR THE YEAR ENDED JUNE 30, 2023. THE INFORMATION IN THE SEFA 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 SEFA PRESENTS ONLY SELECTED PORTION OF THE OPERATIONS OF THE ORGANIZATION, IT IS NOT INTENDED AND DOES NOT, PRESENT FINANCIAL POSITION, CHANGES IN NET ASSETS, OR CASH FLOWS OF THE ORGANIZATION.
De Minimis Rate Used: N
Rate Explanation: THE ORGANIZATIONS UTILIZES COST ALLOCATION PROCESS
THE AMOUNTS SHOWN AS CURRENT YEAR EXPENSES REPRESENT ONLY FEDERAL GRANT PORTION OF THE PROGRAM COSTS. EACH PROGRAM COST, INCLUDING THE ORGANIZATION'S PORTION, MAY BE MORE THAN SHOWN.