Notes to SEFA
Title: Note 1 - 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 the Uniform Guidance, wherein
certain types of expenditures are not allowable or are limited as to reimbursement. Legal Services of
North Florida, Inc. has elected to use the de minimis indirect cost rate permitted by the Uniform Guidance.
A 10% de minimis rate was applied to all grants that were awarded or modified prior to October 1, 2024.
A 15% de minimis rate was applied to grants awarded or modified on or after that date.
De Minimis Rate Used: Y
Rate Explanation: Legal Services of
North Florida, Inc. has elected to use the de minimis indirect cost rate permitted by the Uniform Guidance.
A 10% de minimis rate was applied to all grants that were awarded or modified prior to October 1, 2024.
A 15% de minimis rate was applied to grants awarded or modified on or after that date.
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award
activity of Legal Services of North Florida, Inc. under programs of the federal government for the year
ended December 31, 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 Legal Services of North Florida, Inc., it is not intended
to, and does not, present the financial position, changes in net assets, or cash flows of Legal Services of
North Florida, Inc.
Title: Note 2 - 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 the Uniform Guidance, wherein
certain types of expenditures are not allowable or are limited as to reimbursement. Legal Services of
North Florida, Inc. has elected to use the de minimis indirect cost rate permitted by the Uniform Guidance.
A 10% de minimis rate was applied to all grants that were awarded or modified prior to October 1, 2024.
A 15% de minimis rate was applied to grants awarded or modified on or after that date.
De Minimis Rate Used: Y
Rate Explanation: Legal Services of
North Florida, Inc. has elected to use the de minimis indirect cost rate permitted by the Uniform Guidance.
A 10% de minimis rate was applied to all grants that were awarded or modified prior to October 1, 2024.
A 15% de minimis rate was applied to grants awarded or modified on or after that date.
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. Legal Services of
North Florida, Inc. has elected to use the de minimis indirect cost rate permitted by the Uniform Guidance.
A 10% de minimis rate was applied to all grants that were awarded or modified prior to October 1, 2024.
A 15% de minimis rate was applied to grants awarded or modified on or after that date.