Title: NOTE A- BASIS OF PRESENTATION
Accounting Policies: The Schedules of Expenditures and Federal Awards and State Financial Assistance (the “Schedules”) include
the Federal and State awards activity of the Organization under programs of the federal and state government
for the year ended June 30, 2024.
The information in the Schedules are 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 (Uniform Guidance) and the Department of Financial Services Rules,
Chapter 69I-5, Florida Administrative Code, State Financial Assistance. Because the Schedules present only a
selected portion of the operations of the Organization, they are not intended to and do not present the financial
position, changes in net assets, or cash flows of the Organization.
De Minimis Rate Used: N
Rate Explanation: The Organization has elected not to use the 10 percent de minimis indirect cost rate allowed under the Uniform
Guidance.
The Schedules of Expenditures and Federal Awards and State Financial Assistance (the “Schedules”) include
the Federal and State awards activity of the Organization under programs of the federal and state government
for the year ended June 30, 2024.
The information in the Schedules are 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 (Uniform Guidance) and the Department of Financial Services Rules,
Chapter 69I-5, Florida Administrative Code, State Financial Assistance. Because the Schedules present only a
selected portion of the operations of the Organization, they are not intended to and do not present the financial
position, changes in net assets, or cash flows of the Organization.
Title: NOTE B – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Accounting Policies: The Schedules of Expenditures and Federal Awards and State Financial Assistance (the “Schedules”) include
the Federal and State awards activity of the Organization under programs of the federal and state government
for the year ended June 30, 2024.
The information in the Schedules are 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 (Uniform Guidance) and the Department of Financial Services Rules,
Chapter 69I-5, Florida Administrative Code, State Financial Assistance. Because the Schedules present only a
selected portion of the operations of the Organization, they are not intended to and do not present the financial
position, changes in net assets, or cash flows of the Organization.
De Minimis Rate Used: N
Rate Explanation: The Organization has elected not to use the 10 percent de minimis indirect cost rate allowed under the Uniform
Guidance.
Expenditures reported on the Schedules are reported on the accrual basis of accounting. Such expenditures are
recognized following the cost principles contained in the Uniform Guidance and Chapter 10.650, Rules of the
Auditor General, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
For performance or service based awards, expenditures reported represent amounts earned.
Title: NOTE C – INDIRECT COST RATE
Accounting Policies: The Schedules of Expenditures and Federal Awards and State Financial Assistance (the “Schedules”) include
the Federal and State awards activity of the Organization under programs of the federal and state government
for the year ended June 30, 2024.
The information in the Schedules are 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 (Uniform Guidance) and the Department of Financial Services Rules,
Chapter 69I-5, Florida Administrative Code, State Financial Assistance. Because the Schedules present only a
selected portion of the operations of the Organization, they are not intended to and do not present the financial
position, changes in net assets, or cash flows of the Organization.
De Minimis Rate Used: N
Rate Explanation: The Organization has elected not to use the 10 percent de minimis indirect cost rate allowed under the Uniform
Guidance.
The Organization has elected not to use the 10 percent de minimis indirect cost rate allowed under the Uniform
Guidance.