Notes to SEFA
Title: General Information
Accounting Policies: The accompanying schedule of expenditures of federal, state and local awards is presented using the accrual basis of accounting. The amounts may differ from certain financial reports submitted to federal
and state funding agencies due to those reports being submitted on either a cash or modified accrual
basis.
De Minimis Rate Used: N
Rate Explanation: Prevention Point Philadelphia, Inc. has not elected to use the 10-percent de minimis indirect cost rate
allowed under the Uniform Guidance.
The accompanying schedule of expenditures of federal, state and local awards presents the activities in
all federal, state and local award programs of Prevention Point Philadelphia, Inc. All financial
assistance received directly or indirectly from federal agencies as well as financial assistance passed
through other governmental agencies or not-for-profit organizations are included on the schedule.
Title: Basis of Accounting
Accounting Policies: The accompanying schedule of expenditures of federal, state and local awards is presented using the accrual basis of accounting. The amounts may differ from certain financial reports submitted to federal
and state funding agencies due to those reports being submitted on either a cash or modified accrual
basis.
De Minimis Rate Used: N
Rate Explanation: Prevention Point Philadelphia, Inc. has not elected to use the 10-percent de minimis indirect cost rate
allowed under the Uniform Guidance.
The accompanying schedule of expenditures of federal, state and local awards is presented using the
accrual basis of accounting. The amounts may differ from certain financial reports submitted to federal
and state funding agencies due to those reports being submitted on either a cash or modified accrual
basis.
Title: Relationship to Basic Financial Statements
Accounting Policies: The accompanying schedule of expenditures of federal, state and local awards is presented using the accrual basis of accounting. The amounts may differ from certain financial reports submitted to federal
and state funding agencies due to those reports being submitted on either a cash or modified accrual
basis.
De Minimis Rate Used: N
Rate Explanation: Prevention Point Philadelphia, Inc. has not elected to use the 10-percent de minimis indirect cost rate
allowed under the Uniform Guidance.
Federal, state and local award expenditures are reported on the statement of activities as government
contracts. In certain programs, the expenditures reported in the basic financial statements may differ
from the expenditures reported on the schedule of federal, state and local awards due to program
expenditures exceeding grant or contract budget limitations which are not included as federal, state or
local awards.
Title: Cost Allocations
Accounting Policies: The accompanying schedule of expenditures of federal, state and local awards is presented using the accrual basis of accounting. The amounts may differ from certain financial reports submitted to federal
and state funding agencies due to those reports being submitted on either a cash or modified accrual
basis.
De Minimis Rate Used: N
Rate Explanation: Prevention Point Philadelphia, Inc. has not elected to use the 10-percent de minimis indirect cost rate
allowed under the Uniform Guidance.
Prevention Point Philadelphia, Inc. has not elected to use the 10-percent de minimis indirect cost rate
allowed under the Uniform Guidance.