Audit 342193

FY End
2024-06-30
Total Expended
$1.25M
Findings
0
Programs
5
Year: 2024 Accepted: 2025-02-12

Organization Exclusion Status:

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Findings

No findings recorded

Contacts

Name Title Type
QKNLE5YP5JX4 David Flynt Auditee
7727704811 Mindy Howes Auditor
No contacts on file

Notes to SEFA

Title: Note A – Basis of Presentation Accounting Policies: Note A – Basis of Presentation The accompanying schedule of expenditures of federal awards includes the federal grant activity of Thrive IRC, Inc. (Thrive) and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements. Note B – Contingency Amounts received or receivable from grantor agencies are subject to audit and adjustment by those agencies. Any disallowed claims, including amounts already received, might constitute a liability of Thrive for the return of those funds. Note C – Indirect Cost Rate Thrive has not elected to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance. Note D – Subrecipients Thrive has not provided any funds to subrecipients. Note E – Other Disclosures The accompanying schedule of expenditures of federal awards includes federal expenditures awarded by more than one pass-through agency or under more than one contract. De Minimis Rate Used: N Rate Explanation: Thrive has not elected to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance. The accompanying schedule of expenditures of federal awards includes the federal grant activity of Thrive IRC, Inc. (Thrive) and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements.
Title: Note B – Contingency Accounting Policies: Note A – Basis of Presentation The accompanying schedule of expenditures of federal awards includes the federal grant activity of Thrive IRC, Inc. (Thrive) and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements. Note B – Contingency Amounts received or receivable from grantor agencies are subject to audit and adjustment by those agencies. Any disallowed claims, including amounts already received, might constitute a liability of Thrive for the return of those funds. Note C – Indirect Cost Rate Thrive has not elected to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance. Note D – Subrecipients Thrive has not provided any funds to subrecipients. Note E – Other Disclosures The accompanying schedule of expenditures of federal awards includes federal expenditures awarded by more than one pass-through agency or under more than one contract. De Minimis Rate Used: N Rate Explanation: Thrive has not elected to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance. Amounts received or receivable from grantor agencies are subject to audit and adjustment by those agencies. Any disallowed claims, including amounts already received, might constitute a liability of Thrive for the return of those funds.
Title: Note C – Indirect Cost Rate Accounting Policies: Note A – Basis of Presentation The accompanying schedule of expenditures of federal awards includes the federal grant activity of Thrive IRC, Inc. (Thrive) and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements. Note B – Contingency Amounts received or receivable from grantor agencies are subject to audit and adjustment by those agencies. Any disallowed claims, including amounts already received, might constitute a liability of Thrive for the return of those funds. Note C – Indirect Cost Rate Thrive has not elected to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance. Note D – Subrecipients Thrive has not provided any funds to subrecipients. Note E – Other Disclosures The accompanying schedule of expenditures of federal awards includes federal expenditures awarded by more than one pass-through agency or under more than one contract. De Minimis Rate Used: N Rate Explanation: Thrive has not elected to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance. Thrive has not elected to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
Title: Note D – Subrecipients Accounting Policies: Note A – Basis of Presentation The accompanying schedule of expenditures of federal awards includes the federal grant activity of Thrive IRC, Inc. (Thrive) and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements. Note B – Contingency Amounts received or receivable from grantor agencies are subject to audit and adjustment by those agencies. Any disallowed claims, including amounts already received, might constitute a liability of Thrive for the return of those funds. Note C – Indirect Cost Rate Thrive has not elected to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance. Note D – Subrecipients Thrive has not provided any funds to subrecipients. Note E – Other Disclosures The accompanying schedule of expenditures of federal awards includes federal expenditures awarded by more than one pass-through agency or under more than one contract. De Minimis Rate Used: N Rate Explanation: Thrive has not elected to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance. Thrive has not provided any funds to subrecipients.
Title: Note E – Other Disclosures Accounting Policies: Note A – Basis of Presentation The accompanying schedule of expenditures of federal awards includes the federal grant activity of Thrive IRC, Inc. (Thrive) and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements. Note B – Contingency Amounts received or receivable from grantor agencies are subject to audit and adjustment by those agencies. Any disallowed claims, including amounts already received, might constitute a liability of Thrive for the return of those funds. Note C – Indirect Cost Rate Thrive has not elected to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance. Note D – Subrecipients Thrive has not provided any funds to subrecipients. Note E – Other Disclosures The accompanying schedule of expenditures of federal awards includes federal expenditures awarded by more than one pass-through agency or under more than one contract. De Minimis Rate Used: N Rate Explanation: Thrive has not elected to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance. The accompanying schedule of expenditures of federal awards includes federal expenditures awarded by more than one pass-through agency or under more than one contract.