Notes to SEFA
Title: 1
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 allowed or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: N/A
The purpose of the accompanying schedule of expenditures of federal awards and state financial assistance
(the Schedule) is to present, in summary form, total federal award and state financial assistance expenditures
of The Lord’s Place, Inc. (the Agency) for the year ended June 30, 2024 which have been financed under the
various federal award programs and state financial assistance projects. The Schedule is presented in
accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform
Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. Therefore,
certain amounts presented in this Schedule may differ from amounts presented in the basic financial
statements.
Title: 2
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 allowed or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: N/A
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 allowed or are limited as to reimbursement.
Title: 3
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 allowed or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: N/A
The Lord’s Place, Inc. has elected not to use the 10 percent de minimis indirect cost rate as allowed under the
Uniform Guidance unless it is contractually required to use the 10 percent de minimis indirect cost rate in
which case it applied the 10 percent de minimis cost rate.
Title: 4
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 allowed or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: N/A
There were no loans or loan guarantee programs as of or for the year ended June 30, 2024.
Title: 5
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 allowed or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: N/A
There were no payments to subrecipients for the year ended June 30, 2024.