Notes to SEFA
Title: NOTE 1 - GENERAL
Accounting Policies: NOTE 3 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Expenditures reported on the schedule of expenditures of federal and state awards are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, “Cost Principles for Non-Profit Organizations”, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: SAILS has elected not to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.
The accompanying schedule of expenditures of federal and state awards presents expenditures for all federal and state assistance awards that were in effect for the year ended September 30, 2023 for San Antonio Independent Living Services (SAILS). SAILS’ reporting entity is described in Note 1 of the basic financial statements.
Title: NOTE 2 - BASIS OF PRESENTATION
Accounting Policies: NOTE 3 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Expenditures reported on the schedule of expenditures of federal and state awards are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, “Cost Principles for Non-Profit Organizations”, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: SAILS has elected not to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.
The accompanying schedule of expenditures of federal and state awards includes the federal and state grant activity of SAILS 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 (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards and the State of Texas Single Audit Circular issued by the Office of the Governor of the State. Because the schedule presents only a selected portion of the operations of the SAILS, it is not intended to and does not present the financial position, changes in net assets, or cash flows of SAILS.
Title: NOTE 4 - OTHER DISCLOSURES
Accounting Policies: NOTE 3 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Expenditures reported on the schedule of expenditures of federal and state awards are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, “Cost Principles for Non-Profit Organizations”, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: SAILS has elected not to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.
There were no loans or loan guarantees outstanding at year end. SAILS has elected not to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance. SAILS did not disburse any federal or state awards to subrecipients for the year ended September 30, 2023.