Notes to SEFA
Title: NOTE 1 - BASIS OF PRESENTATION
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 and
OMB Circular A-122, Cost Principles for Non-profit Organizations , wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: See attached form
The accompanying schedule of expenditures of federal awards (the "Schedule") includes the federal award activity of GLEAMNS Human Resources Commission, Inc. under programs of the federal
government for the year ended March 31, 2023. The information in this 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 the operations of
GLEAMNS Human Resources Commission, Inc., it is not intended to and does not present the financial position, changes in net assets or cash flows of GLEAMNS Human Resources Commission, Inc.