Notes to SEFA
Title: Basis of presentation
Accounting Policies: Expenditures reported on the Schedule are generally 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. Provider Relief Funds are reported in accordance with instructions in the relevant OMB Compliance Supplement.
De Minimis Rate Used: Y
Rate Explanation: Auditee used de minimis cost rate.
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Willamette Family, Inc. under programs of the federal government for the year ended June 30, 2022. 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 financial statements. The Schedule is not intended to and does not present the financial position, changes in net assets, or cash flows of Willamette Family, Inc.
Title: Summary of significant accounting policies
Accounting Policies: Expenditures reported on the Schedule are generally 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. Provider Relief Funds are reported in accordance with instructions in the relevant OMB Compliance Supplement.
De Minimis Rate Used: Y
Rate Explanation: Auditee used de minimis cost rate.
Expenditures reported on the Schedule are generally 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. Provider Relief Funds are reported in accordance with instructions in the relevant OMB Compliance Supplement. Willamette Family, Inc. has elected to use the ten percent de minimis indirect cost rate as allowed under the Uniform Guidance. Willamette Family, Inc. does not have any subrecipients.