Notes to SEFA
Title: Note 1 - Scope of Audit Pursuant To The Uniform Guidance:
Accounting Policies: The SEFA has been prepared on the accrual basis of accounting. Grant and contract revenues are recorded for dinancial reporting purposes when the Organization has met the qualificantions for the respective grants and contracts.
De Minimis Rate Used: Y
Rate Explanation: The Maitri Compassionate Care and Related Organizations have elected to use the 10% de minimus indirect cost rate as allowed under the Uniform Guidance
All federal grant operations of the Maitri Compassionate Care are included in the scope of
the audit performed under the Single Audit Act Amendments of 1996 and Title 2 U.S. Code of
Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and
Audit Requirements for Federal Awards (Uniform Guidance). The audit was performed in
accordance with the provisions of the OMB Compliance Supplement. Compliance testing of
all requirements, as described in the Compliance Supplement, was performed for the major
programs listed in the Summary of Auditors' Results of the accompanying Schedule of
Findings and Questioned Costs. These programs represent all major federal award programs
and other grants with 2024 cash and noncash expenditures in excess of $750,000 to ensure
coverage of at least 20% of federally granted funds. Actual coverage is approximately 73% of
total cash and noncash federal award program expenditures.
Title: Note 2 - Basis of Presentation:
Accounting Policies: The SEFA has been prepared on the accrual basis of accounting. Grant and contract revenues are recorded for dinancial reporting purposes when the Organization has met the qualificantions for the respective grants and contracts.
De Minimis Rate Used: Y
Rate Explanation: The Maitri Compassionate Care and Related Organizations have elected to use the 10% de minimus indirect cost rate as allowed under the Uniform Guidance
The accompanying Schedule of Expenditures of Federal Awards includes all Federal grants
and contracts to the Maitri Compassionate Care that had activity during the year ended
June 30, 2024. This schedule has been prepared on the accrual basis of accounting. Grant
and contract revenues are recorded for financial reporting purposes when the Organization
has met the qualifications for the respective grants and contracts.
Title: Note 3 - Indirect Cost Rate:
Accounting Policies: The SEFA has been prepared on the accrual basis of accounting. Grant and contract revenues are recorded for dinancial reporting purposes when the Organization has met the qualificantions for the respective grants and contracts.
De Minimis Rate Used: Y
Rate Explanation: The Maitri Compassionate Care and Related Organizations have elected to use the 10% de minimus indirect cost rate as allowed under the Uniform Guidance
The Maitri Compassionate Care and Related Organizations have elected to use the 10% de
minimus indirect cost rate as allowed under the Uniform Guidance.