Title: Note 1 - Basis of Presentation
Accounting Policies: The Schedule is prepared from the DCR’s accounting records and is not intended to present its financial position or the results of its operations. The Schedule is presented in accordance with the cash basis of accounting, under which revenues are recorded when received and expenditures are recorded when paid. Generally, the Schedule includes a portion of costs associated with general activities which is allocated to federal assistance programs under negotiated formulas commonly referred to as indirect cost rates and federally approved cost allocation plans.The DCR has elected not to use the 10-percent of minimis indirect cost rate as allowed under the Uniform Guidance. 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: N
Rate Explanation: The DCR has elected not to use the 10-percent of minimis indirect cost rate as allowed under the Uniform Guidance. 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 accompanying schedule of expenditures of federal awards (the Schedule) includes the federal grant activity of the Puerto Rico Department of Corrections and Rehabiliatin (the DCR), under programs of the federal government for the year ended June 30, 2024. The information in this Schedule is presented in accordance with the requirements of U.S. Office of Management and Budget and by 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 operation of the DCR, it is not intended to and does not present the statement of cash receipts and disbursements of the DCR.
Title: Note 2 - Summary of Significant Accounting Policies
Accounting Policies: The Schedule is prepared from the DCR’s accounting records and is not intended to present its financial position or the results of its operations. The Schedule is presented in accordance with the cash basis of accounting, under which revenues are recorded when received and expenditures are recorded when paid. Generally, the Schedule includes a portion of costs associated with general activities which is allocated to federal assistance programs under negotiated formulas commonly referred to as indirect cost rates and federally approved cost allocation plans.The DCR has elected not to use the 10-percent of minimis indirect cost rate as allowed under the Uniform Guidance. 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: N
Rate Explanation: The DCR has elected not to use the 10-percent of minimis indirect cost rate as allowed under the Uniform Guidance. 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 Schedule is prepared from the DCR’s accounting records and is not intended to present its financial position or the results of its operations. The Schedule is presented in accordance with the cash basis of accounting, under which revenues are recorded when received and expenditures are recorded when paid. Generally, the Schedule includes a portion of costs associated with general activities which is allocated to federal assistance programs under negotiated formulas commonly referred to as indirect cost rates and federally approved cost allocation plans.The DCR has elected not to use the 10-percent of minimis indirect cost rate as allowed under the Uniform Guidance. 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.
Title: Note 3 - Assistance Listing Number (ALN)
Accounting Policies: The Schedule is prepared from the DCR’s accounting records and is not intended to present its financial position or the results of its operations. The Schedule is presented in accordance with the cash basis of accounting, under which revenues are recorded when received and expenditures are recorded when paid. Generally, the Schedule includes a portion of costs associated with general activities which is allocated to federal assistance programs under negotiated formulas commonly referred to as indirect cost rates and federally approved cost allocation plans.The DCR has elected not to use the 10-percent of minimis indirect cost rate as allowed under the Uniform Guidance. 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: N
Rate Explanation: The DCR has elected not to use the 10-percent of minimis indirect cost rate as allowed under the Uniform Guidance. 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 Assistance Listing Numbers (ALN) included in this Schedule are determined based on the program name, review of grant contract information and public descriptions of federal listings published by the U.S. Government on sam.gov. Assistance listing numbers are presented for those programs for which such numbers were available.
Title: Note 4 - Major Federal Program
Accounting Policies: The Schedule is prepared from the DCR’s accounting records and is not intended to present its financial position or the results of its operations. The Schedule is presented in accordance with the cash basis of accounting, under which revenues are recorded when received and expenditures are recorded when paid. Generally, the Schedule includes a portion of costs associated with general activities which is allocated to federal assistance programs under negotiated formulas commonly referred to as indirect cost rates and federally approved cost allocation plans.The DCR has elected not to use the 10-percent of minimis indirect cost rate as allowed under the Uniform Guidance. 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: N
Rate Explanation: The DCR has elected not to use the 10-percent of minimis indirect cost rate as allowed under the Uniform Guidance. 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 major federal porgarm is identified in the Summary of Auditors’ Results Section in the Schedule of Findings and Questioned Costs and is also presented by the federal agency.
Title: Note 5 - Relationship to the Financial Statement
Accounting Policies: The Schedule is prepared from the DCR’s accounting records and is not intended to present its financial position or the results of its operations. The Schedule is presented in accordance with the cash basis of accounting, under which revenues are recorded when received and expenditures are recorded when paid. Generally, the Schedule includes a portion of costs associated with general activities which is allocated to federal assistance programs under negotiated formulas commonly referred to as indirect cost rates and federally approved cost allocation plans.The DCR has elected not to use the 10-percent of minimis indirect cost rate as allowed under the Uniform Guidance. 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: N
Rate Explanation: The DCR has elected not to use the 10-percent of minimis indirect cost rate as allowed under the Uniform Guidance. 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.
Expenditures included in the Schedule amounting to $32,838,225 agree with the amounts included in the accompanying statement of cash receipts and disbursements for purposes of federal financial assistance.