Title: BASIS OF PRESENTATION
Accounting Policies: Expenditures reported on the Schedule are determined using the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: Y
Rate Explanation: Goodwill Industries of Greater Detroit and Subsidiaries uses the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance for certain grants. In addition, indirect costs allocated to other federal awards are based on negotiated rates.
The accompanying Schedule of Expenditures of Federal Awards (the “Schedule”) includes the federal grant activity of Goodwill Industries of Greater Detroit and Subsidiaries 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 (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. Because the Schedule presents only a selected portion of the operations of Goodwill Industries of Greater Detroit and Subsidiaries, it is not intended to and does not present the financial position, changes in assets or cash flows of Goodwill Industries of Greater Detroit and Subsidiaries.
Title: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Accounting Policies: Expenditures reported on the Schedule are determined using the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: Y
Rate Explanation: Goodwill Industries of Greater Detroit and Subsidiaries uses the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance for certain grants. In addition, indirect costs allocated to other federal awards are based on negotiated rates.
Expenditures reported on the Schedule are determined using the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
Title: AGENCY OR PASS-THROUGH NUMBERS
Accounting Policies: Expenditures reported on the Schedule are determined using the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: Y
Rate Explanation: Goodwill Industries of Greater Detroit and Subsidiaries uses the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance for certain grants. In addition, indirect costs allocated to other federal awards are based on negotiated rates.
These numbers have been provided to assist administering agencies in the identification of the various awards.
Title: INDIRECT COST RATE
Accounting Policies: Expenditures reported on the Schedule are determined using the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: Y
Rate Explanation: Goodwill Industries of Greater Detroit and Subsidiaries uses the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance for certain grants. In addition, indirect costs allocated to other federal awards are based on negotiated rates.
Goodwill Industries of Greater Detroit and Subsidiaries uses the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance for certain grants. In addition, indirect costs allocated to other federal awards are based on negotiated rates.
Title: SUB-RECIPIENTS
Accounting Policies: Expenditures reported on the Schedule are determined using the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: Y
Rate Explanation: Goodwill Industries of Greater Detroit and Subsidiaries uses the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance for certain grants. In addition, indirect costs allocated to other federal awards are based on negotiated rates.
Goodwill Industries of Greater Detroit and Subsidiaries did not pass through federal awards to sub-recipients for the year ended December 31, 2023.
Title: SUBSEQUENT EVENTS
Accounting Policies: Expenditures reported on the Schedule are determined using the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: Y
Rate Explanation: Goodwill Industries of Greater Detroit and Subsidiaries uses the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance for certain grants. In addition, indirect costs allocated to other federal awards are based on negotiated rates.
All subsequent events relative to the major programs were evaluated through June 17, 2024, the date the accompanying reports were available to be issued.