Title: Basis of presentation
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 Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: Both
Rate Explanation: Center for Family Life in Sunset Park, Inc. has elected to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance unless required and approved rates are different on the executed contracts.
The accompanying schedule of expenditures of federal awards (the “Schedule”) includes the federal grant activity of Center for Family Life in Sunset Park, Inc. 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 (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. Because the Schedule presents only a selected portion of the operations of Center for Family Life in Sunset Park, Inc., it is not intended to and does not present the financial position, changes in net assets or cash flows of Center for Family Life in Sunset Park, Inc. for the year then ended.
Title: Summary of significant accounting policies
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 Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: Both
Rate Explanation: Center for Family Life in Sunset Park, Inc. has elected to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance unless required and approved rates are different on the executed contracts.
Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
Title: Indirect costs
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 Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: Both
Rate Explanation: Center for Family Life in Sunset Park, Inc. has elected to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance unless required and approved rates are different on the executed contracts.
Center for Family Life in Sunset Park, Inc. has elected to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance unless required and approved rates are different on the executed contracts.
Title: Subrecipients
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 Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: Both
Rate Explanation: Center for Family Life in Sunset Park, Inc. has elected to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance unless required and approved rates are different on the executed contracts.
There were no amounts provided to subrecipients from federal awards received during the year ended June 30, 2024.