Notes to SEFA
Title: Basis of Presentation
Accounting Policies: 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.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The accompanying schedule of expenditures of federal awards includes the federal grant activity of
Family Support Council, Inc. under programs of the federal government for the year ended December
31, 2023. The information in this schedule is presented in accordance with the requirements of the
Uniform Guidance. Because the schedule presents only a selected portion of the operations of Family
Support Council, Inc., it is not intended to and does not present the financial position, changes in net
assets, or cash flows of Family Support Council, Inc.
Title: Summary of Significant Accounting Policies
Accounting Policies: 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.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
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.
Title: Subrecipients
Accounting Policies: 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.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
Of the federal expenditures presented in the schedule, Family Support Council, Inc. provided no federal
awards to sub recipients.
Title: Indirect Cost Rate
Accounting Policies: 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.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
Family Support Council, Inc. has elected not to use the 10-percent de minimis indirect cost rate allowed
under the Uniform Guidance.