Notes to SEFA
Title: Reconciliation to the Financial Statements
Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal grant activity of SOS Community Services (SOSCS) under programs of the federal government for the year ended March 31, 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 SOSCS, it is not intended to and does not present the financial position, changes in net assets, or cash flows of SOSCS.
Expenditures reported in the Schedule are reported on an accrual basis of accounting. Such expenditures are recognized following, as applicable, either the cost principles contained in the Uniform Guidance where certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: SOSCS has elected not to use the 10 percent de minimis indirect cost rate to recover indirect costs, as allowed under the Uniform Guidance.
The following summary reconciles total federal awards with the audited financial statements for the year ended March 31, 2024:
Grant revenue per financial statements $3,104,214
Federal expenditures per schedule of expenditures of federal awards -$2,691,026
Non-federal grant revenues $413,188
Title: Subrecipients
Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal grant activity of SOS Community Services (SOSCS) under programs of the federal government for the year ended March 31, 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 SOSCS, it is not intended to and does not present the financial position, changes in net assets, or cash flows of SOSCS.
Expenditures reported in the Schedule are reported on an accrual basis of accounting. Such expenditures are recognized following, as applicable, either the cost principles contained in the Uniform Guidance where certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: SOSCS has elected not to use the 10 percent de minimis indirect cost rate to recover indirect costs, as allowed under the Uniform Guidance.
Amounts passed to subrecipients for the year ended March 31, 2024 were as follows:
Subrecipients Federal Assistance Listing Number Totals
Interfaith Hospitality Network/Alphahouse 14.267 $675,877
DVP/Safehouse Center 14.267 31,326
Shelter Association of Washtenaw County 21,027 21,163
Total $ 728,366