Title: (1) Scope of Audit
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting, consistent with the manner in which GLSC maintains its accounting records. 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. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements. All expenses and capital outlays are reported as expenditures. Pass-through entity identifying numbers are presented where available. GLSC does not elect to use the de minimis indirect cost rate allowed under the Uniform Guidance.
De Minimis Rate Used: Y
Rate Explanation: For the calendar year 2022, GLSC did not utilize an indirect cost rate.
The Guam Legal Services Corporation (GLSC) is a nonprofit corporation, was organized under the laws of Guam on December 7, 1978. The purpose of GLSC is to provide legal assistance in noncriminal proceedings or matters to persons financially unable to afford legal assistance in Guam.
Title: (2) Basis of Presentation
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting, consistent with the manner in which GLSC maintains its accounting records. 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. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements. All expenses and capital outlays are reported as expenditures. Pass-through entity identifying numbers are presented where available. GLSC does not elect to use the de minimis indirect cost rate allowed under the Uniform Guidance.
De Minimis Rate Used: Y
Rate Explanation: For the calendar year 2022, GLSC did not utilize an indirect cost rate.
The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the federal award activity of GLSC under programs of the federal government for the year ended December 31, 2022. 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 GLSC, it is not intended to and does not present the financial position, changes in net assets or cash flows of GLSC.
Title: (3) Summary of Significant Accounting Policies
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting, consistent with the manner in which GLSC maintains its accounting records. 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. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements. All expenses and capital outlays are reported as expenditures. Pass-through entity identifying numbers are presented where available. GLSC does not elect to use the de minimis indirect cost rate allowed under the Uniform Guidance.
De Minimis Rate Used: Y
Rate Explanation: For the calendar year 2022, GLSC did not utilize an indirect cost rate.
Basis of Accounting: Expenditures reported on the Schedule are reported on the accrual basis of accounting, consistent with the manner in which GLSC maintains its accounting records. 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. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements. All expenses and capital outlays are reported as expenditures. Pass-through entity identifying numbers are presented where available. GLSC does not elect to use the de minimis indirect cost rate allowed under the Uniform Guidance.
Allocation of Expenses: In some cases, common expenses are incurred which support the work performed under more than one grant or contract. Such expenses are allocated among the grants on the basis of direct time charges per grant as a percentage of overall direct time charges. For the year ended December 31, 2022, portions of salaries, benefits, contract services, office expenses, utilities, rental, and insurance expenses are so allocated.