Title: NOTE A – 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 and/or OMB Circular A-122, Cost Principles for Non-Profit Organizations, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the combined financial statements.
De Minimis Rate Used: Y
Rate Explanation: Catholic Family Services d/b/a Catholic Charities Diocese of Kalamazoo and Catholic Family Services Nonprofit Housing Corporation have elected to use the 10% de minimus indirect cost rate as allowed under the Uniform Guidance.
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal
award activity of Catholic Family Services d/b/a Catholic Charities Diocese of Kalamazoo and
Catholic Family Services Nonprofit Housing Corporation 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).
Because the Schedule presents only a selected portion of the operations of Catholic Family Services
d/b/a Catholic Charities Diocese of Kalamazoo and Catholic Family Services Nonprofit Housing
Corporation, it is not intended to and does not present the financial position, changes in net assets, or
cash flows of Catholic Family Services d/b/a Catholic Charities Diocese of Kalamazoo and Catholic
Family Services Nonprofit Housing Corporation.
Title: NOTE B – 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 and/or OMB Circular A-122, Cost Principles for Non-Profit Organizations, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the combined financial statements.
De Minimis Rate Used: Y
Rate Explanation: Catholic Family Services d/b/a Catholic Charities Diocese of Kalamazoo and Catholic Family Services Nonprofit Housing Corporation have elected to use the 10% de minimus indirect cost rate as allowed under the 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 the Uniform Guidance and/or
OMB Circular A-122, Cost Principles for Non-Profit Organizations, wherein certain types of
expenditures are not allowable or are limited as to reimbursement. Therefore, some amounts
presented in this schedule may differ from amounts presented in, or used in the preparation of, the
combined financial statements.
Title: NOTE C – 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 and/or OMB Circular A-122, Cost Principles for Non-Profit Organizations, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the combined financial statements.
De Minimis Rate Used: Y
Rate Explanation: Catholic Family Services d/b/a Catholic Charities Diocese of Kalamazoo and Catholic Family Services Nonprofit Housing Corporation have elected to use the 10% de minimus indirect cost rate as allowed under the Uniform Guidance.
Catholic Family Services d/b/a Catholic Charities Diocese of Kalamazoo and Catholic Family
Services Nonprofit Housing Corporation have elected to use the 10% de minimus indirect cost rate as
allowed under the Uniform Guidance.
Title: NOTE D – Funding Provided 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 and/or OMB Circular A-122, Cost Principles for Non-Profit Organizations, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the combined financial statements.
De Minimis Rate Used: Y
Rate Explanation: Catholic Family Services d/b/a Catholic Charities Diocese of Kalamazoo and Catholic Family Services Nonprofit Housing Corporation have elected to use the 10% de minimus indirect cost rate as allowed under the Uniform Guidance.
Of the federal expenditures presented in the schedule, Catholic Family Services d/b/a Catholic
Charities Diocese of Kalamazoo and Catholic Family Services Nonprofit Housing Corporation
provided federal awards to subrecipients as follows:
Title: NOTE E – Reconciliation of Schedule of Federal Awards to Combined Financial Statement
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 and/or OMB Circular A-122, Cost Principles for Non-Profit Organizations, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the combined financial statements.
De Minimis Rate Used: Y
Rate Explanation: Catholic Family Services d/b/a Catholic Charities Diocese of Kalamazoo and Catholic Family Services Nonprofit Housing Corporation have elected to use the 10% de minimus indirect cost rate as allowed under the Uniform Guidance.
The following reconciles the schedule of expenditures of federal awards to the combined financial
statements: