Notes to SEFA
Title: Note B - Contingencies
Accounting Policies: The accompanying Consolidated Schedule of Expenditures of Federal Awards (the “Schedule”) presents the expenditures of all federal awards of Tri-County Human Services, Inc. and Subsidiaries (the “Agency”) for the year ended June 30, 2024. The reporting entity for the Agency is defined in Note A to the basic consolidated financial statements for the year ended June 30, 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 operations of the Agency, it is not intended to and does not present the financial position, changes in net assets or cash flows for the Agency.
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, if any, shown on the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years.
De Minimis Rate Used: N
Rate Explanation: The Agency has not used the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
Grant monies received and disbursed by the Agency are for specific purposes and are subject to review by the grantor agencies. Such audits may result in request for reimbursement to be denied due to disallowed expenditures. Based upon prior experience, the Agency does not believe that such disallowances, if any, would have a material effect on the financial position of the Agency.
Title: Note C - State Matching Dollars
Accounting Policies: The accompanying Consolidated Schedule of Expenditures of Federal Awards (the “Schedule”) presents the expenditures of all federal awards of Tri-County Human Services, Inc. and Subsidiaries (the “Agency”) for the year ended June 30, 2024. The reporting entity for the Agency is defined in Note A to the basic consolidated financial statements for the year ended June 30, 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 operations of the Agency, it is not intended to and does not present the financial position, changes in net assets or cash flows for the Agency.
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, if any, shown on the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years.
De Minimis Rate Used: N
Rate Explanation: The Agency has not used the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
For the year ended June 30, 2024, the Agency also received $4,678,737 in Maintenance of Effort dollars used to meet the required federal match. As defined in F.S. 215.97(2)(q), state financial assistance does not include state matching on federal programs provided to a local agency to carry out a state financial assistance project. Tri-County Human Services, Inc. and Subsidiaries is currently in material compliance with all matching requirements on all major federal programs.