Title: PURPOSE OF SCHEDULE
Accounting Policies: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES FOR FEDERAL AWARD EXPENDITURES
A. Basis of Presentation
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. The Organization has elected not to use
the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.
B. Federal Financial Assistance
Pursuant to the Uniform Guidance, federal financial assistance is defined as assistance provided by a federal
agency, either directly or indirectly, in the form of grants, contracts, cooperative agreements, loans, loan
guarantees, property, interest subsidies, insurance, or direct appropriations. Accordingly, non-monetary
federal assistance, including federal surplus property, is included in federal financial assistance and,
therefore, is reported on the schedule of expenditures of federal awards, if applicable. Federal financial
assistance does not include direct federal cash assistance to individuals. Solicited contracts between the state
and federal government for which the federal government procures tangible goods or services are not
considered to be federal financial assistance.
C. Major Programs
The Uniform Guidance establishes criteria to be used in defining major federal financial assistance programs.
Major programs for the Organization are those programs selected for testing by the auditor using a risk
assessment model, as well as certain minimum expenditure requirements, as outlined in the Uniform
Guidance.
D. Reporting Entity
The reporting entity is fully described in the notes to the Organization’s basic financial statements.
Additionally, the schedule of expenditures of federal awards includes all federal programs administered by
the Organization for the year ended June 30, 2023.
E. Revenue and Expenditure Recognition
The receipt and expenditure of federal awards are accounted for under the accrual basis of accounting.
Revenues are recorded as received in cash or on the accrual basis where measurable and available.
Expenditures are recorded when the liability is incurred.
De Minimis Rate Used: N
Rate Explanation: Indirect costs not charged
The accompanying Schedule of Expenditures of Federal Awards (the “Schedule”) includes the federal award
activity of Boys and Girls Club of the Greater Santiam’s under programs of the federal government for the
year ended June 30, 2023. The information in the 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 activities of the Organization, it is not intended to and does not present the
financial position, changes in net position, nor the operating funds’ revenue and expenses.
Title: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES FOR FEDERAL AWARD EXPENDITURES
Accounting Policies: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES FOR FEDERAL AWARD EXPENDITURES
A. Basis of Presentation
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. The Organization has elected not to use
the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.
B. Federal Financial Assistance
Pursuant to the Uniform Guidance, federal financial assistance is defined as assistance provided by a federal
agency, either directly or indirectly, in the form of grants, contracts, cooperative agreements, loans, loan
guarantees, property, interest subsidies, insurance, or direct appropriations. Accordingly, non-monetary
federal assistance, including federal surplus property, is included in federal financial assistance and,
therefore, is reported on the schedule of expenditures of federal awards, if applicable. Federal financial
assistance does not include direct federal cash assistance to individuals. Solicited contracts between the state
and federal government for which the federal government procures tangible goods or services are not
considered to be federal financial assistance.
C. Major Programs
The Uniform Guidance establishes criteria to be used in defining major federal financial assistance programs.
Major programs for the Organization are those programs selected for testing by the auditor using a risk
assessment model, as well as certain minimum expenditure requirements, as outlined in the Uniform
Guidance.
D. Reporting Entity
The reporting entity is fully described in the notes to the Organization’s basic financial statements.
Additionally, the schedule of expenditures of federal awards includes all federal programs administered by
the Organization for the year ended June 30, 2023.
E. Revenue and Expenditure Recognition
The receipt and expenditure of federal awards are accounted for under the accrual basis of accounting.
Revenues are recorded as received in cash or on the accrual basis where measurable and available.
Expenditures are recorded when the liability is incurred.
De Minimis Rate Used: N
Rate Explanation: Indirect costs not charged
A. Basis of Presentation
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. The Organization has elected not to use
the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.
B. Federal Financial Assistance
Pursuant to the Uniform Guidance, federal financial assistance is defined as assistance provided by a federal
agency, either directly or indirectly, in the form of grants, contracts, cooperative agreements, loans, loan
guarantees, property, interest subsidies, insurance, or direct appropriations. Accordingly, non-monetary
federal assistance, including federal surplus property, is included in federal financial assistance and,
therefore, is reported on the schedule of expenditures of federal awards, if applicable. Federal financial
assistance does not include direct federal cash assistance to individuals. Solicited contracts between the state
and federal government for which the federal government procures tangible goods or services are not
considered to be federal financial assistance.
C. Major Programs
The Uniform Guidance establishes criteria to be used in defining major federal financial assistance programs.
Major programs for the Organization are those programs selected for testing by the auditor using a risk
assessment model, as well as certain minimum expenditure requirements, as outlined in the Uniform
Guidance.
D. Reporting Entity
The reporting entity is fully described in the notes to the Organization’s basic financial statements.
Additionally, the schedule of expenditures of federal awards includes all federal programs administered by
the Organization for the year ended June 30, 2023.
E. Revenue and Expenditure Recognition
The receipt and expenditure of federal awards are accounted for under the accrual basis of accounting.
Revenues are recorded as received in cash or on the accrual basis where measurable and available.
Expenditures are recorded when the liability is incurred.