Notes to SEFA
Title: FEDERAL ASSISTANCE LISTINGS (FAN) NUMBERS
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of UMOM New Day Centers, Inc. (UMOM), except as discussed in Note 5 below, and is presented on the accrual basis of accounting. The information in this schedule is 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.
De Minimis Rate Used: N
Rate Explanation: UMOM did not elect to use the 10 percent de minimus indirect cost rate as covered in 2 CFR §200.414 because it has approved rates with federal agencies.
The program titles and Federal Assistance Listings numbers were obtained from the federal or pass-through grantors or the 2024 Federal Assistance Listings.
Title: SUBRECIPIENTS
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of UMOM New Day Centers, Inc. (UMOM), except as discussed in Note 5 below, and is presented on the accrual basis of accounting. The information in this schedule is 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.
De Minimis Rate Used: N
Rate Explanation: UMOM did not elect to use the 10 percent de minimus indirect cost rate as covered in 2 CFR §200.414 because it has approved rates with federal agencies.
UMOM passed through the following federal funds to a subrecipient during the fiscal year ended June 30, 2024:
Save the Family Foundation of Arizona $ 185,437 FAN 14.267
Title: LOAN PROCEEDS
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of UMOM New Day Centers, Inc. (UMOM), except as discussed in Note 5 below, and is presented on the accrual basis of accounting. The information in this schedule is 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.
De Minimis Rate Used: N
Rate Explanation: UMOM did not elect to use the 10 percent de minimus indirect cost rate as covered in 2 CFR §200.414 because it has approved rates with federal agencies.
This schedule includes outstanding loan balance due from UMOM to the City of Phoenix totaling $759,000 at June 30, 2023 under FAN 14.239. The outstanding balance for the loan is included on the schedule of expenditures of federal awards because the federal program has continuing compliance requirements.