Title: BASIS OF PRESENTATION
Accounting Policies: Expenditures reported on Schedule are reported on the accrual basis of accounting. Under the accrual basis of accounting, expenditures are recognized in the period incurred. Such expenditures are recognized following the cost principles contained in Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Negative amounts shown on the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years.
De Minimis Rate Used: N
Rate Explanation: The Organization has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of NEW DIMENSIONS FOSTER FAMILY AGENCY, INC. under programs of the federal government for the year ended December 31, 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 the Organization, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the Organization.
Title: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Accounting Policies: Expenditures reported on Schedule are reported on the accrual basis of accounting. Under the accrual basis of accounting, expenditures are recognized in the period incurred. Such expenditures are recognized following the cost principles contained in Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Negative amounts shown on the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years.
De Minimis Rate Used: N
Rate Explanation: The Organization has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
Expenditures reported on Schedule are reported on the accrual basis of accounting. Under the accrual basis of accounting, expenditures are recognized in the period incurred. Such expenditures are recognized following the cost principles contained in Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Negative amounts shown on the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years
Title: INDIRECT COST RATE
Accounting Policies: Expenditures reported on Schedule are reported on the accrual basis of accounting. Under the accrual basis of accounting, expenditures are recognized in the period incurred. Such expenditures are recognized following the cost principles contained in Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Negative amounts shown on the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years.
De Minimis Rate Used: N
Rate Explanation: The Organization has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
The Organization has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
Title: MAJOR PROGRAM
Accounting Policies: Expenditures reported on Schedule are reported on the accrual basis of accounting. Under the accrual basis of accounting, expenditures are recognized in the period incurred. Such expenditures are recognized following the cost principles contained in Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Negative amounts shown on the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years.
De Minimis Rate Used: N
Rate Explanation: The Organization has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
The Organization is a nonfederal entity that receives subawards from various counties in northern California, under the California Department of Social Services, a pass-through entity, to carry out part of a federal program. The Organization has one major program for the year ended December 31, 2023, determined in accordance with 2 CFR 200.518 of the Uniform Guidance, consisting of expenditures of funds from: U.S. Department of Health and Human Services $ 3,183,528 The Foster Care Program provides maintenance assistance payments to eligible children placed in qualifying foster care settings, to provide safe and stable out-of-home care. At the Federal level, the program is administered by the Children’s Bureau. Administration on Children, Youth and Families, Administration for Children and Families (ACF), a component of the Department of Health and Human Services (HHS). At the State level, the program is administered by the California Department of Social Services. This program is considered an open-ended entitlement program and allows the State to be funded at a specified percentage for program costs for eligible children. Total disbursements of the Foster Care Program during 2023 of $3,183,528 comprise 100% of the total disbursements from federal awards. The Organization did not meet the requirements to be a low-risk auditee.
Title: CASH COMPOSITION
Accounting Policies: Expenditures reported on Schedule are reported on the accrual basis of accounting. Under the accrual basis of accounting, expenditures are recognized in the period incurred. Such expenditures are recognized following the cost principles contained in Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Negative amounts shown on the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years.
De Minimis Rate Used: N
Rate Explanation: The Organization has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
The Organization maintains two bank accounts under one financial institution to bifurcate federal and non_x0002_federal funds. As of December 31, 2023, federal funds comprise approximately 100% of the total fund.