Title: Basis of Presentation
Accounting Policies: BASIS OF PRESENTATION
The accompanying schedule of expenditures of federal awards (the schedule) includes the federal grant activity of Crescent City Family Services, Inc. under programs of the federal government for the year ended December 31, 2023. The information in the 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 Crescent City Family Services, Inc., it is not intended to and does not present the financial position, changes in net assets, or cash flows of Crescent City Family Services, Inc.
Expense Recognition
Expenditures reported on the schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowed or are limited as to reimbursement.
Accrued and Deferred Reimbursement
Various reimbursement procedures are used for federal awards received by Crescent City Family Services, Inc. Consequently, timing differences between expenditures and program reimbursements can exist at the beginning and end of the year. Accrued balances at year end represent an excess of reimbursable expenditures over cash reimbursements and expenditures will be reversed in the remaining grant period.
Pass-Through Entity Information
Pass-through entity identifying numbers are presented where available.
De Minimis Rate Used: Y
Rate Explanation: Crescent City Family Services, Inc. has elected to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
The accompanying schedule of expenditures of federal awards (the schedule) includes the federal grant activity of Crescent City Family Services, Inc. under programs of the federal government for the year ended December 31, 2023. The information in the 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 Crescent City Family Services, Inc., it is not intended to and does not present the financial position, changes in net assets, or cash flows of Crescent City Family Services, Inc.
Title: Summary of Significant Accounting Policies
Accounting Policies: BASIS OF PRESENTATION
The accompanying schedule of expenditures of federal awards (the schedule) includes the federal grant activity of Crescent City Family Services, Inc. under programs of the federal government for the year ended December 31, 2023. The information in the 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 Crescent City Family Services, Inc., it is not intended to and does not present the financial position, changes in net assets, or cash flows of Crescent City Family Services, Inc.
Expense Recognition
Expenditures reported on the schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowed or are limited as to reimbursement.
Accrued and Deferred Reimbursement
Various reimbursement procedures are used for federal awards received by Crescent City Family Services, Inc. Consequently, timing differences between expenditures and program reimbursements can exist at the beginning and end of the year. Accrued balances at year end represent an excess of reimbursable expenditures over cash reimbursements and expenditures will be reversed in the remaining grant period.
Pass-Through Entity Information
Pass-through entity identifying numbers are presented where available.
De Minimis Rate Used: Y
Rate Explanation: Crescent City Family Services, Inc. has elected to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
Expense Recognition
Expenditures reported on the schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowed or are limited as to reimbursement.
Accrued and Deferred Reimbursement
Various reimbursement procedures are used for federal awards received by Crescent City Family Services, Inc. Consequently, timing differences between expenditures and program reimbursements can exist at the beginning and end of the year. Accrued balances at year end represent an excess of reimbursable expenditures over cash reimbursements and expenditures will be reversed in the remaining grant period.
Pass-Through Entity Information
Pass-through entity identifying numbers are presented where available.
Title: Indirect Cost Rate
Accounting Policies: BASIS OF PRESENTATION
The accompanying schedule of expenditures of federal awards (the schedule) includes the federal grant activity of Crescent City Family Services, Inc. under programs of the federal government for the year ended December 31, 2023. The information in the 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 Crescent City Family Services, Inc., it is not intended to and does not present the financial position, changes in net assets, or cash flows of Crescent City Family Services, Inc.
Expense Recognition
Expenditures reported on the schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowed or are limited as to reimbursement.
Accrued and Deferred Reimbursement
Various reimbursement procedures are used for federal awards received by Crescent City Family Services, Inc. Consequently, timing differences between expenditures and program reimbursements can exist at the beginning and end of the year. Accrued balances at year end represent an excess of reimbursable expenditures over cash reimbursements and expenditures will be reversed in the remaining grant period.
Pass-Through Entity Information
Pass-through entity identifying numbers are presented where available.
De Minimis Rate Used: Y
Rate Explanation: Crescent City Family Services, Inc. has elected to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
Crescent City Family Services, Inc. has elected to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.