Notes to SEFA
Title: BASIS OF PRESENTATION
Accounting Policies: The accompanying schedules of expenditures of federal awards and federal, state and city awards passed through the City of Philadelphia Department of Human Services are prepared on the accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: Friendship House did not use the de minimus cost rate
The accompanying schedules of expenditures of federal awards and federal, state and city awards passed through the City of Philadelphia Department of Human Services are prepared on the accrual basis of accounting.
Title: RELATIONSHIP OF BASIC FINANCIAL PRESENTATION
Accounting Policies: The accompanying schedules of expenditures of federal awards and federal, state and city awards passed through the City of Philadelphia Department of Human Services are prepared on the accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: Friendship House did not use the de minimus cost rate
The information in the schedule of expenditures of federal awards and federal, state and city awards passed through the City of Philadelphia Department of Human Services is presented in accordance with the requirements of Uniform Guidance, Audits of State, Local Governmnet and Non-Profit Organizations and the City of Philadelphia Subrecipient Audit Guide. Therefore, some amounts presented in these schedules my differ from amounts presented in, or used in the preparatino of, the basic financial statements.
Title: DONATED COMMODITIES
Accounting Policies: The accompanying schedules of expenditures of federal awards and federal, state and city awards passed through the City of Philadelphia Department of Human Services are prepared on the accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: Friendship House did not use the de minimus cost rate
Nonmonetary assistance is reported in the schedules at the fair market value of commodities received and disbursed