Notes to SEFA
Title: Reconciliation to the Financial Statements
Accounting Policies: Expenditures: the accrual basis of accounting. Such expenditures are recognized following, as applicable, the cost principles contained in the Uniform Guidance where certain types of expenditures are not allowable or are limited as to reimbursement.
The Legal Service Corporation – Basic Field Grant details $3,007,730 of current period expenditures. These expenditures are presented net of
expenditures toward derivative income of $38,165 for interest income and $729 for attorney fees.
De Minimis Rate Used: N
Rate Explanation: Legal Aid of Western Michigan has elected not to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.
Federal expenditures reported on the Schedule reconcile to federal revenues included in grants and contracts in the financial statements as follows. See Table.
Title: Basis of Presentation
Accounting Policies: Expenditures: the accrual basis of accounting. Such expenditures are recognized following, as applicable, the cost principles contained in the Uniform Guidance where certain types of expenditures are not allowable or are limited as to reimbursement.
The Legal Service Corporation – Basic Field Grant details $3,007,730 of current period expenditures. These expenditures are presented net of
expenditures toward derivative income of $38,165 for interest income and $729 for attorney fees.
De Minimis Rate Used: N
Rate Explanation: Legal Aid of Western Michigan has elected not to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Legal Aid of Western Michigan under programs of the federal government for the year ended. 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 Legal Aid of Western Michigan, it is not intended to and does not present the financial position, changes in net assets, or cash flows of Legal Aid of Western Michigan.
Title: Subrecipients
Accounting Policies: Expenditures: the accrual basis of accounting. Such expenditures are recognized following, as applicable, the cost principles contained in the Uniform Guidance where certain types of expenditures are not allowable or are limited as to reimbursement.
The Legal Service Corporation – Basic Field Grant details $3,007,730 of current period expenditures. These expenditures are presented net of
expenditures toward derivative income of $38,165 for interest income and $729 for attorney fees.
De Minimis Rate Used: N
Rate Explanation: Legal Aid of Western Michigan has elected not to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.
No amounts were provided to subrecipients.