Notes to SEFA
Title: Basis of Presentation
Accounting Policies: Expenditures reported on the Schedule are reported on an accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance,
wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate.
The accompanying schedule of expenditures of federal awards (the Schedule) includes the
federal award activity of Lutheran Social Services of Northeast Florida, Inc. under programs of
the federal government for the year ended September 30, 2024. 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 Lutheran Social Services of Northeast Florida, Inc., it is not
intended to and does not present the financial position, changes in net assets, or cash flows of
Lutheran Social Services of Northeast Florida, Inc.
Title: Summary of Signicant Accounting Policies
Accounting Policies: Expenditures reported on the Schedule are reported on an accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance,
wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate.
a. Expenditures reported on the Schedule are reported on an accrual basis of accounting. Such
expenditures are recognized following the cost principles contained in the Uniform Guidance,
wherein certain types of expenditures are not allowable or are limited as to reimbursement.
b. Lutheran Social Services of Northeast Florida, Inc. has elected to use the 10 percent de
minimus indirect cost rate as allowed under the Uniform Guidance.