Title: NOTE 1 – BASIS OF PRESENTATION
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance), wherein certain types of expenditures are not allowable or are limited as to reimbursement. Passthrough entity identifying numbers are presented where required and available.
De Minimis Rate Used: Y
Rate Explanation: The Association has elected to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance, but charges indirect costs as specifically allowed for by the individual grant awards.
The accompanying schedule of expenditures of federal awards (the “Schedule”) includes the federal grant activity of the National Latino Behavioral Health Association (the “Association”) under programs of the federal government for the year ended December 31, 2023. Because the Schedule presents only a selected portion of the operations of the Association, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the Association.
Title: NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance), wherein certain types of expenditures are not allowable or are limited as to reimbursement. Passthrough entity identifying numbers are presented where required and available.
De Minimis Rate Used: Y
Rate Explanation: The Association has elected to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance, but charges indirect costs as specifically allowed for by the individual grant awards.
Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance), wherein certain types of expenditures are not allowable or are limited as to reimbursement. Passthrough entity identifying numbers are presented where required and available.
Title: NOTE 3 – RECONCILIATION OF EXPENDITURES
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance), wherein certain types of expenditures are not allowable or are limited as to reimbursement. Passthrough entity identifying numbers are presented where required and available.
De Minimis Rate Used: Y
Rate Explanation: The Association has elected to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance, but charges indirect costs as specifically allowed for by the individual grant awards.
The following is a reconciliation of expenditures reported on the Schedule to the expenses reported in the statement of activities:
Title: NOTE 4 – INDIRECT COST RATE
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance), wherein certain types of expenditures are not allowable or are limited as to reimbursement. Passthrough entity identifying numbers are presented where required and available.
De Minimis Rate Used: Y
Rate Explanation: The Association has elected to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance, but charges indirect costs as specifically allowed for by the individual grant awards.
The Association has elected to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance, but charges indirect costs as specifically allowed for by the individual grant awards.
Title: NOTE 5 – OTHER DISCLOSURES
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance), wherein certain types of expenditures are not allowable or are limited as to reimbursement. Passthrough entity identifying numbers are presented where required and available.
De Minimis Rate Used: Y
Rate Explanation: The Association has elected to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance, but charges indirect costs as specifically allowed for by the individual grant awards.
The Association did not receive any non-cash assistance, there was no insurance in effect during the year, and no federal loan guarantees are outstanding at year-end.