Notes to SEFA
Accounting Policies: Note 1 - Basis of Presentation The accompanying schedule of expenditures of federal awards (the "Schedule") includes the federal award activity of San Diego Family Care 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 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 San Diego Family Care, it is not intended to and does not present the financial position, changes in net assets, or cash flows of San Diego Family Care. Note 2 - Summary of Significant Accounting Policies Expenditures reported on 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 allowable or are limited as to reimbursement. San Diego Family Care has elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance. Note 3 - Loans Outstanding The Organization did not have any loan balance outstanding at June 30, 2024. Note 4 – Cluster The Organization has one federal cluster. Note 5 – Subrecipients The Organization did not have any subrecipients for the year ended June 30, 2024. Note 6-Exempt Status San Diego Family Care is exempt from income taxation under Internal Revenue Code Section 501c3 and California Taxation Code Section 23701d. Note 7-The Organization did not have any related party expenses that were chargeable to federal awards for the year ended June 30, 2024.
De Minimis Rate Used: Y
Rate Explanation: n/a