Title: 1. Basis of presentation
Accounting Policies: Expenditures reported in the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in Uniform Administrative Requirements, Cost Principles and Audit Requirements for Federal Awards for awards made on or after December 26, 2014 and the cost principles contained in OMB Circular A-122, Cost Principles for Non-Profit Organizations for awards made before December 26, 2014, wherein certain types of expenditures are not allowed. Assistance Listing numbers (“AL No.”) are provided when available.
De Minimis Rate Used: N
Rate Explanation: N/A
The accompanying Schedule of Expenditures of Federal Awards (the “Schedule”) includes the expenditures of CHISPA, Inc. (a California non-profit public benefit corporation) and affiliates under programs of the federal government for the year ended September 30, 2024. The information in the Schedule is presented in accordance with the requirements of Uniform Administrative Requirements, Cost Principles and Audit Requirements for Federal Awards. Therefore, some amounts presented in the Schedule may differ from amounts presented in, or used in, the preparation of the basic consolidated financial statements.
Title: 2. Summary of significant accounting policies
Accounting Policies: Expenditures reported in the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in Uniform Administrative Requirements, Cost Principles and Audit Requirements for Federal Awards for awards made on or after December 26, 2014 and the cost principles contained in OMB Circular A-122, Cost Principles for Non-Profit Organizations for awards made before December 26, 2014, wherein certain types of expenditures are not allowed. Assistance Listing numbers (“AL No.”) are provided when available.
De Minimis Rate Used: N
Rate Explanation: N/A
Expenditures reported in the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in Uniform Administrative Requirements, Cost Principles and Audit Requirements for Federal Awards for awards made on or after December 26, 2014 and the cost principles contained in OMB Circular A-122, Cost Principles for Non-Profit Organizations for awards made before December 26, 2014, wherein certain types of expenditures are not allowed. Assistance Listing numbers (“AL No.”) are provided when available. CHISPA, Inc. did not elect to use the 10% de minimis indirect cost rate.
Title: 3. Pass-through awards to subrecipients
Accounting Policies: Expenditures reported in the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in Uniform Administrative Requirements, Cost Principles and Audit Requirements for Federal Awards for awards made on or after December 26, 2014 and the cost principles contained in OMB Circular A-122, Cost Principles for Non-Profit Organizations for awards made before December 26, 2014, wherein certain types of expenditures are not allowed. Assistance Listing numbers (“AL No.”) are provided when available.
De Minimis Rate Used: N
Rate Explanation: N/A
See the Notes to the SEFA for chart/table
Title: 4. Outstanding federal loans
Accounting Policies: Expenditures reported in the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in Uniform Administrative Requirements, Cost Principles and Audit Requirements for Federal Awards for awards made on or after December 26, 2014 and the cost principles contained in OMB Circular A-122, Cost Principles for Non-Profit Organizations for awards made before December 26, 2014, wherein certain types of expenditures are not allowed. Assistance Listing numbers (“AL No.”) are provided when available.
De Minimis Rate Used: N
Rate Explanation: N/A
See the Notes to the SEFA for chart/table