Notes to SEFA
Title: Note A - Basis of Presentation
Accounting Policies: Note B
De Minimis Rate Used: N
Rate Explanation: The Organization has elected to not use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the federal grant activity
of San Antonio Metropolitan Ministry, Inc. dba SAMMinistries under programs of the federal government for the
year ended September 30, 2023. The information in the Schedule is presented in accordance with the requirements
of the Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Costs Principles,
and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected
portion of the operations of SAMMinistries, it is not intended to, and does not, present the financial position,
changes in net assets, or cash flows of SAMMinistries. Therefore, some amounts presented in this schedule may
differ from amounts presented in, or used in the preparation of, the basic financial statements.
All of SAMMinistries’ federal awards were in the form of cash assistance for the year ended September 30, 2023.
SAMMinistries had no federal funded insurance programs or loan guarantees during the year ended September 30,
2023.
Title: Note B - Summary of Significant Accounting Policies
Accounting Policies: Note B
De Minimis Rate Used: N
Rate Explanation: The Organization has elected to not use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
Expenditures reported on the Schedule are reported on the accrual basis of accounting in accordance with
accounting principles generally accepted in the United States of America (GAAP). 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.
Title: Note C - Indirect Cost Rate
Accounting Policies: Note B
De Minimis Rate Used: N
Rate Explanation: The Organization has elected to not use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
SAMMinistries has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
Title: Note D - Reconciliation to Audited Financial Statements
Accounting Policies: Note B
De Minimis Rate Used: N
Rate Explanation: The Organization has elected to not use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
See the Notes to the SEFA for chart/table