Notes to SEFA
Title: Contingency
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 expenditure are not allowable or are limited as to reimbursement, as applicable.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The contract and grant revenue amounts received are subject to audit and adjustment. If any expenditure or expenses are disallowed by the grantor agencies as a result of such an audit, any claim for reimbursement to the contract/grantor agencies becomes a liability of Legal Aid Service of Broward County, Inc. In the opinion of management, all contract and grant expenditures are in compliance with the terms of the agreement applicable federal, state, and local laws and regulations,