Title: 1
Accounting Policies: The Schedule of Expenditures of Federal Awards (the '"Schedule") includes the federal grant activity of First To Serve, Inc. under programs for the federal government of 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). Because the Schedule presents only a selected portion of the operations of First To Serve, Inc., it is not intended to and does not present the financial position, changes in net assets or cash flow of First To Serve, Inc.
De Minimis Rate Used: Y
Rate Explanation: First to Serve, Inc. has elected to use the 10-percent de minimis indirect cost rate allowed under Uniform Guidance.
The Schedule of Expenditures of Federal Awards (the '"Schedule") includes the federal grant activity of First To Serve, Inc. under programs for the federal government of 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). Because the Schedule presents only a selected portion of the operations of First To Serve, Inc., it is not intended to and does not present the financial position, changes in net assets or cash flow of First To Serve, Inc.
Title: 2
Accounting Policies: The Schedule of Expenditures of Federal Awards (the '"Schedule") includes the federal grant activity of First To Serve, Inc. under programs for the federal government of 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). Because the Schedule presents only a selected portion of the operations of First To Serve, Inc., it is not intended to and does not present the financial position, changes in net assets or cash flow of First To Serve, Inc.
De Minimis Rate Used: Y
Rate Explanation: First to Serve, Inc. has elected to use the 10-percent de minimis indirect cost rate allowed under Uniform Guidance.
Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the Cost Principles contained in Uniform Guidance, wherein certain types of expenditures are not allowed or are limited as to reimbursement.
Title: 3
Accounting Policies: The Schedule of Expenditures of Federal Awards (the '"Schedule") includes the federal grant activity of First To Serve, Inc. under programs for the federal government of 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). Because the Schedule presents only a selected portion of the operations of First To Serve, Inc., it is not intended to and does not present the financial position, changes in net assets or cash flow of First To Serve, Inc.
De Minimis Rate Used: Y
Rate Explanation: First to Serve, Inc. has elected to use the 10-percent de minimis indirect cost rate allowed under Uniform Guidance.
First to Serve, Inc. has elected to use the 10-percent de minimis indirect cost rate allowed under Uniform Guidance.