Notes to SEFA
Title: NOTE 4 - MAJOR PROGRAM
Accounting Policies: NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIESExpenditures reported on Schedule are reported on the accrual basis of accounting. Under the accrual basis of accounting, expenditures are recognized in the period incurred. Such expenditures are recognized following the cost principles contained in Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Negative amounts shown on the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years.
De Minimis Rate Used: N
Rate Explanation: NOTE 3 - INDIRECT COST RATEThe Organization has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
The Organization is a nonfederal entity that receives subawards from various counties in northern California, under the California Department of Social Services, a pass-through entity, to carry out part of a federal program. The Organization has one major program for the year ended December 31, 2022, determined in accordance with 2 CFR 200.518 of the Uniform Guidance, consisting of expenditures of funds from:U.S. Department of Health and Human Services$2,640,858 The Foster Care Program provides maintenance assistance payments to eligible children placed in qualifying foster care settings, to provide safe and stable out-of-home care. At the Federal level, the program is administered by the Childrens Bureau. Administration on Children, Youth and Families, Administration for Children and Families (ACF), a component of the Department of Health and Human Services (HHS). At the State level, the program is administered by the California Department of Social Services. This program is considered an open-ended entitlement program and allows the State to be funded at a specified percentage for program costs for eligible children.Total disbursements of the Foster Care Program during 2022 of $2,640,858 comprise 100% of the total disbursements from federal awards. The Organization did not meet the requirements to be a low-risk auditee.
Title: NOTE 5 - CASH COMPOSITION
Accounting Policies: NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIESExpenditures reported on Schedule are reported on the accrual basis of accounting. Under the accrual basis of accounting, expenditures are recognized in the period incurred. Such expenditures are recognized following the cost principles contained in Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Negative amounts shown on the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years.
De Minimis Rate Used: N
Rate Explanation: NOTE 3 - INDIRECT COST RATEThe Organization has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
The Organization maintains two individual bank accounts under one financial institution to bifurcate federal and non-federal funds. As of December 31, 2022, federal funds comprise approximately 99% of the total fund.