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.
De Minimis Rate Used: Both
Rate Explanation: The Organization has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance for Assistance Listing Numbers 14.218, 14.231, 16.021, 16.588, 16.590, 21.027, 93.671, 97.024, a portion of the year for 16.575 and a portion of the year for the pass-through funding from Summit County Department of Jobs and Family Services for 93.558. The Organization has elected to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance for Assistance Listing Numbers 14.267, a portion of the year for 16.575 and for the pass-through funding from the city of Akron and Community Action for 93.558.
The accompanying schedule of expenditures of federal awards (Schedule) includes the federal award activity of Battered Women's Shelter, under programs of the federal government as of and for the year ended December 31, 2022. 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 the Organization, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the Organization.