Title: NOTE 1 – BASIS OF PRESENTATION
Accounting Policies: SEE TAB TWO
De Minimis Rate Used: N
Rate Explanation: AUDITEE DOES NOT CLAAIM ANY INDIRECT COSTS
The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the federal awards activities of Taller Salud, Inc. (the Organization) 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 the 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 operations of Taller Salud, Inc., it is not intended to and does not present the financial position, changes in net assets, or cash flows of Taller Salud, Inc.
Title: NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Accounting Policies: SEE TAB TWO
De Minimis Rate Used: N
Rate Explanation: AUDITEE DOES NOT CLAAIM ANY INDIRECT COSTS
Expenditures reported in the Schedule 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 allowed or are limited as to reimbursement. Negative amounts shown in the Schedule, if any, represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years. Additional policies are the following:
(a)
The financial transactions are recorded by the Organization in accordance with the terms and conditions of the grants, which are consistent with accounting principles generally accepted in the United States of America.
(b)
Expenditures are recognized in the accounting period in which the liability is incurred, if measurable, or when paid, whichever occurs first.
Title: NOTE 3 – ASSISTANCE LISTING NUMBER
Accounting Policies: SEE TAB TWO
De Minimis Rate Used: N
Rate Explanation: AUDITEE DOES NOT CLAAIM ANY INDIRECT COSTS
The assistance listing numbers included in the Schedule are determined based on the program’s name, review of grant contract information and the Office of Management and Budget. The assistance listing number is a program identification number, whose first two digits identify the federal department or agency that administers the program, and the last three numbers are assigned by numerical sequence.
Title: NOTE 4 – MAJOR FEDERAL PROGRAMS
Accounting Policies: SEE TAB TWO
De Minimis Rate Used: N
Rate Explanation: AUDITEE DOES NOT CLAAIM ANY INDIRECT COSTS
Major programs are identified in the Summary of Audits Results Section of the Schedules of Findings and Questioned Cost.
Title: NOTE 5 – CLUSTER PROGRAMS
Accounting Policies: SEE TAB TWO
De Minimis Rate Used: N
Rate Explanation: AUDITEE DOES NOT CLAAIM ANY INDIRECT COSTS
2 CFR 200.17 defines a cluster of programs as a grouping of closely related programs that share common compliance requirements. According to this definition, the Organization has no cluster programs.
Title: NOTE 6 – DISTINCTION BETWEEN TYPE A AND TYPE B PROGRAMS
Accounting Policies: SEE TAB TWO
De Minimis Rate Used: N
Rate Explanation: AUDITEE DOES NOT CLAAIM ANY INDIRECT COSTS
The dollar threshold for Type A and Type B programs amounted to $750,000.
Title: NOTE 7 – IN-KIND EXPENSES AND MATCHING COSTS
Accounting Policies: SEE TAB TWO
De Minimis Rate Used: N
Rate Explanation: AUDITEE DOES NOT CLAAIM ANY INDIRECT COSTS
In-kind and matching expenses are a non-federal share of certain program costs, therefore are not included in the accompanying Schedule.
Title: NOTE 8 – INDIRECT COSTS
Accounting Policies: SEE TAB TWO
De Minimis Rate Used: N
Rate Explanation: AUDITEE DOES NOT CLAAIM ANY INDIRECT COSTS
The Organization does not have a federally negotiated indirect cost rate applicable to the programs and therefore there is no election to the 10 percent de minims cost rate as defined in 2 CFR 200.414.