Notes to SEFA
Title: The Organization
Accounting Policies: The accompanying SEFA is presented on the accrual basis of accounting, which is described in Note 1 to the financialstatements. Such expenditures are recognized following the cost principles contained in Subpart E of the UniformGuidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate.
Montgomery County Women's Center receives federal grants to carry out its programs and services to provide safe shelter, crisis intervention, counseling, legal, support, and education services to victims/survivors of family violence, sexual assault, stalking, and abuse and provides education about such issues to those primarily living in Montgomery County, Texas.
Title: Basis of Presentation
Accounting Policies: The accompanying SEFA is presented on the accrual basis of accounting, which is described in Note 1 to the financialstatements. Such expenditures are recognized following the cost principles contained in Subpart E of the UniformGuidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate.
The accompanying SEFA include federal grant activities of the Montgomery County Womens Center, (the Center) under programs of the federal government for the year ended December 31, 2022. The information in the SEFA is 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). Because the SEFA presents only a selected portion of theoperations of the Center, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the Center.
Title: Relationship of SEFA to Financial Reports Submitted to Grant Awarding Agenc
Accounting Policies: The accompanying SEFA is presented on the accrual basis of accounting, which is described in Note 1 to the financialstatements. Such expenditures are recognized following the cost principles contained in Subpart E of the UniformGuidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate.
Expenditures included in the SEFA may differ from amounts reflected in the financial reports submitted to grant awarding agencies for the following reasons:? Expenses accrued at the end of the Montgomery County Women's Center's (the "Center") fiscal year may not be included in the financial reports submitted to grant awarding agencies until after year-end;? Program matching costs that are reported in the financial reports submitted to awarding agencies are not included in the amounts reported in the SEFA; and? Differences may exist between grant periods and the Center's accounting period.
Title: Contingencies
Accounting Policies: The accompanying SEFA is presented on the accrual basis of accounting, which is described in Note 1 to the financialstatements. Such expenditures are recognized following the cost principles contained in Subpart E of the UniformGuidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate.
Grants require the fulfillment of certain conditions set forth in grant agreements and are regularly monitored and reviewed by the grantors. Failure to satisfy the requirement of contract agreements could result in disallowed costs and return of funds to grantors. Management believes that the Montgomery County Women's Center is in substantial compliance with grant provisions and requirements and that disallowed costs, if any, will not be significant to affect the amounts and disclosures in the financial statements.