Notes to SEFA
Title: NOTE - 1 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (the "Schedule") includes the federal grant expenditure activity of the Organization for the year ended December 31, 2023, and is presented using the accrual basis of accounting. The information in the Schedule is presented in accordance with the requirements of Uniform Guidance Audits of State, Local Governments and Non-Profit Entities, some amounts presented in this schedule may differ.
De Minimis Rate Used: Y
Rate Explanation: N/A
Nature of Organization
Hamilton County Coalition, Inc., (“the Organization”) is a not-for-profit corporation organized in the State of Tennessee on February 26, 2008, with a purpose to provide indirect, universal comprehensive strategies to affect change in Hamilton County and in Region 3 South. The Organization will also provide technical support, sustainability, leadership and guidance to its members and community partners. The Organization will also administer opportunities and benefits associated within the designated as a target site, which will result in the reduction and onset of alcohol and illicit substance use and/or abuse.
Basis of Presentation
The accompanying Schedule of Expenditures of Federal Awards (the "Schedule") includes the federal grant expenditure activity of the Organization for the year ended December 31, 2023, and is presented using the accrual basis of accounting. The information in the Schedule is presented in accordance with the requirements of Uniform Guidance Audits of State, Local Governments and Non-Profit Entities, some amounts presented in this schedule may differ.
Title: NOTE 2 - DE MINIMIS ELECTION
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (the "Schedule") includes the federal grant expenditure activity of the Organization for the year ended December 31, 2023, and is presented using the accrual basis of accounting. The information in the Schedule is presented in accordance with the requirements of Uniform Guidance Audits of State, Local Governments and Non-Profit Entities, some amounts presented in this schedule may differ.
De Minimis Rate Used: Y
Rate Explanation: N/A
The Organization did not elect to utilize the 10% De Minimis election in the fiscal year December 31, 2023.
Title: NOTE 3---SUBSEQUENT EVENTS
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (the "Schedule") includes the federal grant expenditure activity of the Organization for the year ended December 31, 2023, and is presented using the accrual basis of accounting. The information in the Schedule is presented in accordance with the requirements of Uniform Guidance Audits of State, Local Governments and Non-Profit Entities, some amounts presented in this schedule may differ.
De Minimis Rate Used: Y
Rate Explanation: N/A
The Organization has evaluated subsequent events as of September 30, 2024, the date management evaluated such events that require disclosures. September 30, 2024, is the date the Schedule was available to be issued.