Title: NOTE 1. GENERAL
Accounting Policies: The Schedules of expenditures of federal awards (the Schedule) include the federal award grant activity of the Organization
under programs of the federal government for the years 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 (Uniform Guidance). Because the Schedule
presents only a selected portion of the operations of the organization, it is not intended to and does not present the financial
position, changes in net assets, or cash flows of the Organization.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The accompanying schedule of expenditures of Federal Awards including all the federal activities of FOCUS Hispanic Center
for Community Development (“the Organization”). All federal awards received directly from federal agencies, as well as
federal awards passed through other governmental agencies are included.
Title: NOTE 2. BASIS OF PRESENTATION
Accounting Policies: The Schedules of expenditures of federal awards (the Schedule) include the federal award grant activity of the Organization
under programs of the federal government for the years 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 (Uniform Guidance). Because the Schedule
presents only a selected portion of the operations of the organization, it is not intended to and does not present the financial
position, changes in net assets, or cash flows of the Organization.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The Schedules of expenditures of federal awards (the Schedule) include the federal award grant activity of the Organization
under programs of the federal government for the years 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 (Uniform Guidance). Because the Schedule
presents only a selected portion of the operations of the organization, it is not intended to and does not present the financial
position, changes in net assets, or cash flows of the Organization.
Title: NOTE 3. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Accounting Policies: The Schedules of expenditures of federal awards (the Schedule) include the federal award grant activity of the Organization
under programs of the federal government for the years 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 (Uniform Guidance). Because the Schedule
presents only a selected portion of the operations of the organization, it is not intended to and does not present the financial
position, changes in net assets, or cash flows of the Organization.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The accompanying schedule of expenditures of federal awards are reported on the accrual basis of accounting. The information
in these schedules is presented in accordance with the requirements of the Uniform Guidance and OMB Circular A-122, Cost
Principles for Nonprofit Organizations, wherein certain types of expenditures are not allowable or are limited as to
reimbursement. Pass-through entity identifying numbers have been presented where available.
Title: NOTE 4. INDIRECT COST RATE
Accounting Policies: The Schedules of expenditures of federal awards (the Schedule) include the federal award grant activity of the Organization
under programs of the federal government for the years 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 (Uniform Guidance). Because the Schedule
presents only a selected portion of the operations of the organization, it is not intended to and does not present the financial
position, changes in net assets, or cash flows of the Organization.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The Organization does not utilize the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.