Notes to SEFA
Accounting Policies: The accompanying schedule of expenditures of federal awards (the ‘’Schedule’’) includes the federal grant activity of Family Christian Association of America, Inc. and is presented on the accrual basis of accounting. 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 (Uniform Guidance). Therefore, some amounts presented in this Schedule may differ from amounts presented in, or used in, the preparation of the basic financial statements
De Minimis Rate Used: N
Rate Explanation: FCAA has elected to not use the 10% de minimis indirect cost rate for its federal programs for the year ended December 31, 2023. The indirect cost rates used by FCAA’s federal programs are determined by the relevant federal agency