Notes to SEFA
Accounting Policies: NOTE 1 - BASIS OF PRESENTATIONThe accompanying schedule of expenditures of federal awards (SEFA) includes the federal grant activity of the Organization under programs of the federal government for the year ended August 31, 2022. The information in this SEFA 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 SEFA presents only a selected portion of the operations of the Organization, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the Organization.NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIESExpenditures reported on the SEFA are reported on the 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. The Organization has elected not to use the 10-pecent de minimis indirect cost rate allowed under the Uniform Guidance. Pass-through entity identifying numbers are presented where applicable.NOTE 3 - VOUCHERS FOR WOMEN, INFANTS, AND CHILDREN PROGRAMBased on information provided by the State of Rhode Island Department of Health, the Organization has received and distributed to eligible receipts $1,215,672 WIC food vouchers.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.