Audit 355766

FY End
2024-09-30
Total Expended
$864,429
Findings
0
Programs
5
Year: 2024 Accepted: 2025-05-07
Auditor: Yeo & Yeo PC

Organization Exclusion Status:

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Findings

No findings recorded

Programs

Contacts

Name Title Type
RNLKCTNTQBP8 Kaci Marsh Auditee
9898354041 Brian Dixon Auditor
No contacts on file

Notes to SEFA

Title: General 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 where certain types of expenditures are not allowable or are limited as to reimbursement. De Minimis Rate Used: N Rate Explanation: Midland Center for Independent Living d/b/a Disability Network of Mid-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 Midland Center for Independent Living d/b/a Disability Network of Mid-Michigan under programs of the federal government for the year ended September 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 Midland Center for Independent Living d/b/a Disability Network of Mid-Michigan, it is not intended to and does not present the financial position, changes in net assets, or cash flows of Midland Center for Independent Living d/b/a Disability Network of Mid-Michigan.
Title: Reconciliation to the Financial Statements 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 where certain types of expenditures are not allowable or are limited as to reimbursement. De Minimis Rate Used: N Rate Explanation: Midland Center for Independent Living d/b/a Disability Network of Mid-Michigan has elected not to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance. The federal grants per the financial statements reconciles to the total expenditures of federal awards as follows: Expenditures per the schedule of expenditures of federal awards $ 864,429 State portion included in federal grants on statement of activities 1,077,654 Federal grant portion of Medicaid Nursing Home Transition revenues included in fees for service revenues on statement of activities (575,439) Total federal grants reported on the organizations statement of activities $ 1,366,644
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 the Uniform Guidance where certain types of expenditures are not allowable or are limited as to reimbursement. De Minimis Rate Used: N Rate Explanation: Midland Center for Independent Living d/b/a Disability Network of Mid-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.