Title: Basis of Presentation
Accounting Policies: Expenditures reported on the schedule of expenditures of federal awards are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in 2 CFR 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, as applicable, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: Uniform Guidance allows non-federal entities, such as the Boys & Girls Clubs of Greater Tarrant County, Inc. and Affiliate, to elect to charge a de minimis rate of ten percent of modified direct costs as its indirect cost rate that may be used indefinitely. The Boys & Girls Clubs of Greater Tarrant County, Inc. and Affiliate chose not to utilize the de minimis rate in the current year.
Expenditures reported on the schedule of expenditures of federal awards are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in 2 CFR 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, as applicable, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
Title: Indirect Cost Rate
Accounting Policies: Expenditures reported on the schedule of expenditures of federal awards are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in 2 CFR 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, as applicable, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: Uniform Guidance allows non-federal entities, such as the Boys & Girls Clubs of Greater Tarrant County, Inc. and Affiliate, to elect to charge a de minimis rate of ten percent of modified direct costs as its indirect cost rate that may be used indefinitely. The Boys & Girls Clubs of Greater Tarrant County, Inc. and Affiliate chose not to utilize the de minimis rate in the current year.
Uniform Guidance allows non-federal entities, such as the Boys & Girls Clubs of Greater Tarrant County, Inc. and Affiliate, to elect to charge a de minimis rate of ten percent of modified direct costs as its indirect cost rate that may be used indefinitely. The Boys & Girls Clubs of Greater Tarrant County, Inc. and Affiliate chose not to utilize the de minimis rate in the current year.
Title: Non-Cash Assistance
Accounting Policies: Expenditures reported on the schedule of expenditures of federal awards are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in 2 CFR 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, as applicable, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: Uniform Guidance allows non-federal entities, such as the Boys & Girls Clubs of Greater Tarrant County, Inc. and Affiliate, to elect to charge a de minimis rate of ten percent of modified direct costs as its indirect cost rate that may be used indefinitely. The Boys & Girls Clubs of Greater Tarrant County, Inc. and Affiliate chose not to utilize the de minimis rate in the current year.
The Boys & Girls Clubs of Greater Tarrant County, Inc. and Affiliate received non-cash meals and food packages valued at $426,976 during the year ended December 31, 2023.