Notes to SEFA
Title: Foundation Operations
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. The Foundation has not elected to use the ten percent de minimus indirect cost rate allowable under the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: The Foundation has not elected to use the ten percent de minimus indirect cost rate allowable under the Uniform Guidance.
Arizona Foundation for Human Service Providers (the “Foundation”) is a non-profit 501(c)(3) organization serving as the educational arm of the Arizona Council of Human Service Providers (the “Council”). The Foundation provides support, education, and training opportunities to Council members, and administers grants. Membership in the Foundation is offered at no cost to members of the Council. The Foundation has evaluated subsequent events through September 27, 2024, which is the date the schedule of expenditures of federal awards was available to be issued.
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. The Foundation has not elected to use the ten percent de minimus indirect cost rate allowable under the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: The Foundation has not elected to use the ten percent de minimus indirect cost rate allowable under the Uniform Guidance.
The accompanying Schedule of Expenditures of Federal Awards (the “Schedule”) includes the federal award activity of the Foundation under a program of the federal government for the year ended June 30, 2024. The information in the 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 Foundation, it is not intended to and does not present the financial position, results of operations or cash flows of the Foundation. The COVID-19 – Coronavirus State and Local Fiscal Recovery Funds (SLFRF) grant from the U.S. Department of Treasury has a project period of March 1, 2022 through September 30, 2024.