Notes to SEFA
Title: Basis of Presentation
Accounting Policies: The SEFA has been prepared in accordance with Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) 958, Not-for-Profit Entities, subsection 205, Presentation of Financial Statements, and the provisions of the American Institute of Certified Public Accountants (AICPA) “Audit and Accounting Guide for Not-for-Profit Organizations.
De Minimis Rate Used: Y
Rate Explanation: Advocate Safehouse Project uses the 10% de minimis cost rate allowed in Title 2 US Code of Federal Regulations (CFR), Part 200.414 Indirect (F&A) costs for eligible programs.
The Schedule of Expenditures of Federal Awards includes the federal grant activity of Advocate Safehouse Project and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2, US Code of Federal Regulations, 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 hte general purpose financial statements.
Title: Sub-recipients
Accounting Policies: The SEFA has been prepared in accordance with Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) 958, Not-for-Profit Entities, subsection 205, Presentation of Financial Statements, and the provisions of the American Institute of Certified Public Accountants (AICPA) “Audit and Accounting Guide for Not-for-Profit Organizations.
De Minimis Rate Used: Y
Rate Explanation: Advocate Safehouse Project uses the 10% de minimis cost rate allowed in Title 2 US Code of Federal Regulations (CFR), Part 200.414 Indirect (F&A) costs for eligible programs.
Advocate Safehouse Project did not provide any federal funds listed in the Schedule of Expenditures of Federal Awards received to sub-recipients.
Title: Indirect Facilities and Administrative Costs
Accounting Policies: The SEFA has been prepared in accordance with Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) 958, Not-for-Profit Entities, subsection 205, Presentation of Financial Statements, and the provisions of the American Institute of Certified Public Accountants (AICPA) “Audit and Accounting Guide for Not-for-Profit Organizations.
De Minimis Rate Used: Y
Rate Explanation: Advocate Safehouse Project uses the 10% de minimis cost rate allowed in Title 2 US Code of Federal Regulations (CFR), Part 200.414 Indirect (F&A) costs for eligible programs.
Advocate Safehouse Project uses the 10% de minimis cost rate allowed in Title 2 US Code of Federal Regulations (CFR), Part 200.414 Indirect (F&A) costs for eligible programs.