Notes to SEFA
Title: Basis of Presentation
Accounting Policies: 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. Pass-through entity identifying numbers are presented where available.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimus cost rate. Indirect costs applicable to the grants are on an individual grant basis, any indirect costs allowable under the grant agreements are specified in the individual grant agreements.
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal grant activity of the Boys & Girls Club of Southeast Georgia, Inc. under programs of the federal government for the year ended December 31, 2023. The information in this Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some amounts presented in the Schedule may differ from amounts presented in the financial statements. Because the Schedule presents only a selected portion of the operations of the Boys & Girls Club of Southeast Georgia, Inc., it is not intended to and does not present the financial position, changes in net assets or cash flows of the Boys & Girls Club of Southeast Georgia, Inc.
All of the Boys & Girls Club of Southeast Georgia, Inc.’s federal awards were in the form of cash assistance for the year ended December 31, 2023.
Title: Summary of Significant Accounting Policies
Accounting Policies: 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. Pass-through entity identifying numbers are presented where available.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimus cost rate. Indirect costs applicable to the grants are on an individual grant basis, any indirect costs allowable under the grant agreements are specified in the individual grant agreements.
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. Pass-through entity identifying numbers are presented where available.
Title: Indirect Cost Rate
Accounting Policies: 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. Pass-through entity identifying numbers are presented where available.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimus cost rate. Indirect costs applicable to the grants are on an individual grant basis, any indirect costs allowable under the grant agreements are specified in the individual grant agreements.
The Boys & Girls Club of Southeast Georgia, Inc. has elected not to use the 10 percent de Minimis indirect cost rate allowed under the Uniform Guidance. All expenditures in the Schedule were direct costs charged to the grants.
Title: Amounts Passed Through to Subrecipients
Accounting Policies: 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. Pass-through entity identifying numbers are presented where available.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimus cost rate. Indirect costs applicable to the grants are on an individual grant basis, any indirect costs allowable under the grant agreements are specified in the individual grant agreements.
The Club did not pass through any amounts to sub-recipients during the year ended December 31, 2023.
Title: Relationship to Financial Statements
Accounting Policies: 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. Pass-through entity identifying numbers are presented where available.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimus cost rate. Indirect costs applicable to the grants are on an individual grant basis, any indirect costs allowable under the grant agreements are specified in the individual grant agreements.
Federal program award revenues are reported as government grants in the Club’s basic financial statements as revenues and other support in the amount of $2,852,783.