Title: 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 the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. La Raza Services, Inc. dba Servicios de La Raza, Inc. has elected to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance.
De Minimis Rate Used: Y
Rate Explanation: La Raza Services, Inc. dba Servicios de La Raza, Inc. has elected to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance.
The schedule of expenditures of federal awards (the "Schedule") includes the federal award activity of La Raza Services, Inc. dba Servicios de La Raza, Inc. under programs of the federal government for the year ended June 30, 2023. The information in this Schedule is presented in accordance with the requirements of 2 CFR Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). It is not intended to and does not present the financial position, change in net assets, or cash flows of La Raza Services, Inc. dba Servicios de La Raza, Inc.
Title: 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 the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. La Raza Services, Inc. dba Servicios de La Raza, Inc. has elected to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance.
De Minimis Rate Used: Y
Rate Explanation: La Raza Services, Inc. dba Servicios de La Raza, Inc. has elected to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance.
Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. La Raza Services, Inc. dba Servicios de La Raza, Inc. has elected to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance.
Title: Reconciliation to Financial Statement
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 the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. La Raza Services, Inc. dba Servicios de La Raza, Inc. has elected to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance.
De Minimis Rate Used: Y
Rate Explanation: La Raza Services, Inc. dba Servicios de La Raza, Inc. has elected to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance.
La Raza Services, Inc. dba Servicios de La Raza, Inc. receives grants from other sources in addition to its federal awards. The following analysis reconciles expenditures in the accompanying schedule to contributions and grant revenue reflected in La Raza Services, Inc. dba Servicios de La Raza, Inc.'s financial statements for the year ended June 30, 2023:
Operating Grants and Contributions:
Federal revenue subject to Single Audit $3,035,831
Other grants and contributions 8,328,703
Total $11,364,534