Notes to SEFA
Title: Note 1 - General Information
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of the Alliance for Positive Change and Affiliate and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of the Single Audit Act, Subpart F of Title 2 U.S. Code of Federal Regulations (“CFR”) 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 combined financial statements.
De Minimis Rate Used: N
Rate Explanation: Alliance did not elect to use the ten percent de-minimis cost rate.
The accompanying schedule of expenditures of federal awards presents the activities in all the federal financial award programs of Alliance for Positive Change and Affiliate. All financial awards received directly from federal agencies as well as financial awards passed through other governmental agencies or not-for-profit organizations are included on the schedule.
Title: Note 2 - Basis of Accounting
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of the Alliance for Positive Change and Affiliate and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of the Single Audit Act, Subpart F of Title 2 U.S. Code of Federal Regulations (“CFR”) 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 combined financial statements.
De Minimis Rate Used: N
Rate Explanation: Alliance did not elect to use the ten percent de-minimis cost rate.
The accompanying schedule of expenditures of federal awards includes the federal grant activity of the Alliance for Positive Change and Affiliate and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of the Single Audit Act, Subpart F of Title 2 U.S. Code of Federal Regulations (“CFR”) 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 combined financial statements.
Title: Note 3 - Relationship to Basic Combined Financial Statements
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of the Alliance for Positive Change and Affiliate and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of the Single Audit Act, Subpart F of Title 2 U.S. Code of Federal Regulations (“CFR”) 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 combined financial statements.
De Minimis Rate Used: N
Rate Explanation: Alliance did not elect to use the ten percent de-minimis cost rate.
Federal awards expenditures are reported on the combined statements of activities as functional and supporting expenses. In certain programs, the expenditures reported in the basic combined financial statements may differ from the expenditures reported in the schedule of federal awards due to program expenditures exceeding grant limitations or capitalization policies required by GAAP.
Alliance did not elect to use the ten percent de-minimis cost rate.