Title: Note 4. Contingencies
Accounting Policies: Note 1. Basis of Presentation - The accompanying schedule of expenditures of federal awards includes the federal grant activity of Alabama Humanities Alliance and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of the Uniform Guidance. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of the basic financial statements.
For the purposes of the schedule, federal awards include all grants, contracts, and similar agreements entered into directly with the federal government and other pass through entities. Payments received for goods or services provided as a vendor do not constitute federal awards from purposes of the schedule. The Alliance has obtained Assistance Listing numbers to ensure that all programs have been identified in the schedule.
Note 2. Relationship of the Schedule to Program Financial Reports - The amounts reflected in the financial reports submitted to the awarding federal and/or pass-through agencies and the schedule may differ. Some of the factors that may account for any difference include the following: The Alliance’s year end may differ from the program’s year end. Accruals recognized in the schedule, because of year end procedures, may not be reported in the program financial reports until the next program reporting period. Fixed asset purchases and the resultant depreciation charges are recognized as property and equipment, net in the Alliance’s financial statements and as expenditures in the program financial reports. Note 3. Basis of Accounting -
This schedule was prepared on the accrual basis of accounting. Expenditures are recognized in the period in which they are incurred.
De Minimis Rate Used: N
Rate Explanation: Note 6. Indirect Cost Rate - The Alliance uses an indirect cost rate to be reimbursed for certain federal expenditures as a means for determining the proportion of indirect costs each program should bear.
Grant monies received and disbursed by the Alliance are for specific purposes and are subject to review by the grantor agencies. Such audits may result in requests for reimbursement due to disallowed expenditures. Based upon experience, the Alliance does not believe that such disallowance, if any, would have a material effect on the financial position of the Alliance. As of December 31, 2023, there were no questioned costs reported in the Schedule of Findings and Questioned Costs for Assistance Listing No. 45.129, Promotion of the Humanities – Federal/State Partnership.
Title: Note 5. Noncash Assistance
Accounting Policies: Note 1. Basis of Presentation - The accompanying schedule of expenditures of federal awards includes the federal grant activity of Alabama Humanities Alliance and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of the Uniform Guidance. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of the basic financial statements.
For the purposes of the schedule, federal awards include all grants, contracts, and similar agreements entered into directly with the federal government and other pass through entities. Payments received for goods or services provided as a vendor do not constitute federal awards from purposes of the schedule. The Alliance has obtained Assistance Listing numbers to ensure that all programs have been identified in the schedule.
Note 2. Relationship of the Schedule to Program Financial Reports - The amounts reflected in the financial reports submitted to the awarding federal and/or pass-through agencies and the schedule may differ. Some of the factors that may account for any difference include the following: The Alliance’s year end may differ from the program’s year end. Accruals recognized in the schedule, because of year end procedures, may not be reported in the program financial reports until the next program reporting period. Fixed asset purchases and the resultant depreciation charges are recognized as property and equipment, net in the Alliance’s financial statements and as expenditures in the program financial reports. Note 3. Basis of Accounting -
This schedule was prepared on the accrual basis of accounting. Expenditures are recognized in the period in which they are incurred.
De Minimis Rate Used: N
Rate Explanation: Note 6. Indirect Cost Rate - The Alliance uses an indirect cost rate to be reimbursed for certain federal expenditures as a means for determining the proportion of indirect costs each program should bear.
The Alliance did not receive any federal noncash assistance for the fiscal year ending December 31, 2023.
Title: Note 7. Subrecipients
Accounting Policies: Note 1. Basis of Presentation - The accompanying schedule of expenditures of federal awards includes the federal grant activity of Alabama Humanities Alliance and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of the Uniform Guidance. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of the basic financial statements.
For the purposes of the schedule, federal awards include all grants, contracts, and similar agreements entered into directly with the federal government and other pass through entities. Payments received for goods or services provided as a vendor do not constitute federal awards from purposes of the schedule. The Alliance has obtained Assistance Listing numbers to ensure that all programs have been identified in the schedule.
Note 2. Relationship of the Schedule to Program Financial Reports - The amounts reflected in the financial reports submitted to the awarding federal and/or pass-through agencies and the schedule may differ. Some of the factors that may account for any difference include the following: The Alliance’s year end may differ from the program’s year end. Accruals recognized in the schedule, because of year end procedures, may not be reported in the program financial reports until the next program reporting period. Fixed asset purchases and the resultant depreciation charges are recognized as property and equipment, net in the Alliance’s financial statements and as expenditures in the program financial reports. Note 3. Basis of Accounting -
This schedule was prepared on the accrual basis of accounting. Expenditures are recognized in the period in which they are incurred.
De Minimis Rate Used: N
Rate Explanation: Note 6. Indirect Cost Rate - The Alliance uses an indirect cost rate to be reimbursed for certain federal expenditures as a means for determining the proportion of indirect costs each program should bear.
The Alliance provided $308,379 of federal funds to sub-recipients for the fiscal year ended December 31, 2023.
Title: Note 8. Loans and Loan Agreements
Accounting Policies: Note 1. Basis of Presentation - The accompanying schedule of expenditures of federal awards includes the federal grant activity of Alabama Humanities Alliance and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of the Uniform Guidance. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of the basic financial statements.
For the purposes of the schedule, federal awards include all grants, contracts, and similar agreements entered into directly with the federal government and other pass through entities. Payments received for goods or services provided as a vendor do not constitute federal awards from purposes of the schedule. The Alliance has obtained Assistance Listing numbers to ensure that all programs have been identified in the schedule.
Note 2. Relationship of the Schedule to Program Financial Reports - The amounts reflected in the financial reports submitted to the awarding federal and/or pass-through agencies and the schedule may differ. Some of the factors that may account for any difference include the following: The Alliance’s year end may differ from the program’s year end. Accruals recognized in the schedule, because of year end procedures, may not be reported in the program financial reports until the next program reporting period. Fixed asset purchases and the resultant depreciation charges are recognized as property and equipment, net in the Alliance’s financial statements and as expenditures in the program financial reports. Note 3. Basis of Accounting -
This schedule was prepared on the accrual basis of accounting. Expenditures are recognized in the period in which they are incurred.
De Minimis Rate Used: N
Rate Explanation: Note 6. Indirect Cost Rate - The Alliance uses an indirect cost rate to be reimbursed for certain federal expenditures as a means for determining the proportion of indirect costs each program should bear.
The Alliance did not have any loans or loan guarantee programs required to be reported on the schedule.