Notes to SEFA
Title: NOTE A BASIS OF PRESENTATION
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of Lubbock Open Door and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of 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.
De Minimis Rate Used: N
Rate Explanation: AUDITEE HAD MATCH EXPENSES AND RECEIVED NO ADMINTRATIVE REIMBURSEMENT
The accompanying schedule of expenditures of federal awards includes the federal grant activity of Lubbock Open Door and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of 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.
Title: NOT B RECONCILATION TO BASIC FINANCIAL STATEMENTS
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of Lubbock Open Door and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of 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.
De Minimis Rate Used: N
Rate Explanation: AUDITEE HAD MATCH EXPENSES AND RECEIVED NO ADMINTRATIVE REIMBURSEMENT
Because of capital and lease expenditures, expenditures of Federal Awards in the Schedule of Expenditures of Federal Awards differ from expenditures of Federal Awards in the basic financial statements as follows:
Title: RECONCILIATION TABLE
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of Lubbock Open Door and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of 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.
De Minimis Rate Used: N
Rate Explanation: AUDITEE HAD MATCH EXPENSES AND RECEIVED NO ADMINTRATIVE REIMBURSEMENT
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Title: NOTE C NONMONETARY
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of Lubbock Open Door and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of 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.
De Minimis Rate Used: N
Rate Explanation: AUDITEE HAD MATCH EXPENSES AND RECEIVED NO ADMINTRATIVE REIMBURSEMENT
There was no Federal or other nonmonetary assistance received by the organization.