Audit 332182

FY End
2024-06-30
Total Expended
$3.99M
Findings
0
Programs
6
Year: 2024 Accepted: 2024-12-12

Organization Exclusion Status:

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Findings

No findings recorded

Contacts

Name Title Type
U3DGMJ9SJX56 Sheryl A. Kennedy Auditee
8132332800 Jonathan Stein Auditor
No contacts on file

Notes to SEFA

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. Negative amounts shown on the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years. The Healthy Start Coalition of Hillsborough County has elected to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance. De Minimis Rate Used: Y Rate Explanation: The auditee used the de minimis cost rate. The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of Healthy Start Coalition of Hillsborough County, Inc. (the “Coalition”) and is presented on the accrual basis of accounting. 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 basic financial statements.
Title: CONTINGENCIES 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. Negative amounts shown on the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years. The Healthy Start Coalition of Hillsborough County has elected to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance. De Minimis Rate Used: Y Rate Explanation: The auditee used the de minimis cost rate. These federal programs are subject to financial and compliance audits by grantor agencies, which, if instances of material noncompliance are found, may result in disallowed expenditures, and affect the Coalition's continued participation in specific programs. The amount of expenditures which may be disallowed by the grantor agencies cannot be determined at this time, although the Coalition expects such amounts, if any, to be immaterial.
Title: STATE MATCHING FUNDS FOR FEDERAL PROGRAMS 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. Negative amounts shown on the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years. The Healthy Start Coalition of Hillsborough County has elected to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance. De Minimis Rate Used: Y Rate Explanation: The auditee used the de minimis cost rate. State funds awarded to the Coalition as matching funds for federal programs consisted of the following: State Contract # Expenditures Medical Assistance Program (Medicaid) GFA089-13-01 (A1, A2, A3) $ 1,342,485 COSGG R1 (A1, A2, A3) 1,535,358 Promoting Safe and Stable Families HF-20-25-01 (A5, A6, A7, A8, A9) 19,814 Temporary Assistance for Needy Families Block grant HF-20-25-01 (A5, A6, A7, A8, A9) 592,176 $ 3,489,833