Title: Basis of Presentation
Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Liga Puertorriqueña Contra el Cáncer, Inc. (the Organization) under programs of the federal government for the year ended June 30, 2021. The Schedule is prepared on the accrual basis of accounting in accordance with U.S. generally accepted accounting principles. 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 or changes in net assets of the Organization.
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 this Schedule may differ from amounts presented in, or used in the preparation of, the financial statements.
The pass-through entity identifying numbers was not available
De Minimis Rate Used: N
Rate Explanation: The Organization elected not to use the 10% of deminimis indirect cost rate allowed under the Uniform Guidance
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Liga Puertorriqueña Contra el Cáncer, Inc. (the Organization) under programs of the federal government for the year ended June 30, 2021. The Schedule is prepared on the accrual basis of accounting in accordance with U.S. generally accepted accounting principles. 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 or changes in net assets of the Organization.
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 this Schedule may differ from amounts presented in, or used in the preparation of, the financial statements.
The pass-through entity identifying numbers was not available
Title: Indirect Cost Rate
Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Liga Puertorriqueña Contra el Cáncer, Inc. (the Organization) under programs of the federal government for the year ended June 30, 2021. The Schedule is prepared on the accrual basis of accounting in accordance with U.S. generally accepted accounting principles. 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 or changes in net assets of the Organization.
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 this Schedule may differ from amounts presented in, or used in the preparation of, the financial statements.
The pass-through entity identifying numbers was not available
De Minimis Rate Used: N
Rate Explanation: The Organization elected not to use the 10% of deminimis indirect cost rate allowed under the Uniform Guidance
The Organization elected not to use the 10% of deminimis indirect cost rate allowed under the Uniform Guidance.
Title: Contingenciesand Other Matters
Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Liga Puertorriqueña Contra el Cáncer, Inc. (the Organization) under programs of the federal government for the year ended June 30, 2021. The Schedule is prepared on the accrual basis of accounting in accordance with U.S. generally accepted accounting principles. 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 or changes in net assets of the Organization.
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 this Schedule may differ from amounts presented in, or used in the preparation of, the financial statements.
The pass-through entity identifying numbers was not available
De Minimis Rate Used: N
Rate Explanation: The Organization elected not to use the 10% of deminimis indirect cost rate allowed under the Uniform Guidance
Grant monies received and disbursed by the Organization are for specific purposes and are subject to review by the grantor agency. Such audits may result in requests for reimbursement due to disallowed expenditures. The Organization does not believe that such disallowances, if any, would have a material effect on the financial position of the Organization. As of June 30, 2021, the Organization has not identified any questioned or disallowed costs.
Title: Relationship to Financial Statements
Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Liga Puertorriqueña Contra el Cáncer, Inc. (the Organization) under programs of the federal government for the year ended June 30, 2021. The Schedule is prepared on the accrual basis of accounting in accordance with U.S. generally accepted accounting principles. 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 or changes in net assets of the Organization.
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 this Schedule may differ from amounts presented in, or used in the preparation of, the financial statements.
The pass-through entity identifying numbers was not available
De Minimis Rate Used: N
Rate Explanation: The Organization elected not to use the 10% of deminimis indirect cost rate allowed under the Uniform Guidance
Expenditures included in the Schedule agree with the amounts included in the accompanying Statement of activities.