Audit 306014

FY End
2023-10-31
Total Expended
$31.20M
Findings
0
Programs
19
Organization: Action Pact, Inc. (GA)
Year: 2023 Accepted: 2024-05-10

Organization Exclusion Status:

Checking exclusion status...

Findings

No findings recorded

Programs

Contacts

Name Title Type
XNGLXNC6LLJ1 Hayley Stephens Auditee
9122856149 Pat Muse Auditor
No contacts on file

Notes to SEFA

Title: NOTE A - GENERAL Accounting Policies: Expenditures reported on the Schedule are reported following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. De Minimis Rate Used: N Rate Explanation: The agency has an approved indirect cost rate agreement with the Department of Health and Human Services. The accompanying Schedule of Expenditures of Federal Awards and Other Financial Assistance (the Schedule) presents the expenditures of all financial assistance programs of the Agency and identifies how much of the expenditures were attributable to Federal awards. All financial assistance received directly or indirectly from Federal, State, and local agencies is included in the Schedule.
Title: NOTE B - BASIS OF PRESENTATION Accounting Policies: Expenditures reported on the Schedule are reported following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. De Minimis Rate Used: N Rate Explanation: The agency has an approved indirect cost rate agreement with the Department of Health and Human Services. The accompanying Schedule includes the federal award activity of the Agency under programs of the federal government for the year ended October 31, 20􀀕􀀖. The information in this Schedule is presented in accordance with the requirements of the 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 the Agency, it is not intended to and does not present the financial position, changes in net assets or cash flows of the Agency.
Title: NOTE C - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Accounting Policies: Expenditures reported on the Schedule are reported following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. De Minimis Rate Used: N Rate Explanation: The agency has an approved indirect cost rate agreement with the Department of Health and Human Services. Expenditures reported on the Schedule are reported following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
Title: NOTE D - IN-KIND SUPPORT Accounting Policies: Expenditures reported on the Schedule are reported following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. De Minimis Rate Used: N Rate Explanation: The agency has an approved indirect cost rate agreement with the Department of Health and Human Services. A portion of the expenses for donated services and other in-kind support are excluded from the Agency’s financial statements in accordance with FASB ASC 958-605-25-16. Donated services and other in-kind support are included in the accompanying Schedule in accordance with applicable grant agreements, which are described in Note C to the Agency’s financial statements.
Title: NOTE E - INDIRECT COST RATE Accounting Policies: Expenditures reported on the Schedule are reported following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. De Minimis Rate Used: N Rate Explanation: The agency has an approved indirect cost rate agreement with the Department of Health and Human Services. The Agency has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.