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. Aiding Women from Abuse and Rape Emergencies, Inc. has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: Aiding Women from Abuse and Rape Emergencies, Inc. has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
The accompanying schedule of expenditures of federal awards (the “Schedule”) includes the federal award activity of Aiding Women from Abuse and Rape Emergencies, Inc. under programs of the federal government for the year ended June 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 Aiding Women from Abuse and Rape Emergencies, Inc., it is not intended to and does not present the financial position, changes in net assets or cash flows of Aiding Women from Abuse and Rape Emergencies, 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. Aiding Women from Abuse and Rape Emergencies, Inc. has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: Aiding Women from Abuse and Rape Emergencies, Inc. has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
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. Aiding Women from Abuse and Rape Emergencies, Inc. has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
Title: Note 3. Reconciliation of Schedule of Expenditures of Federal Awards to 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, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Aiding Women from Abuse and Rape Emergencies, Inc. has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: Aiding Women from Abuse and Rape Emergencies, Inc. has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
The following is a reconciliation of grant revenue reported in Aiding Women from Abuse and Rape Emergencies, Inc. financial statements to expenditures reported in the Schedule of Expenditures of Federal Awards:
Grant revenues as reported in the financial statements $ 3,795,758
Less: State grant revenue per SSFA (1,315,663)
Less: State revenue received as a beneficiary (19,440)
Less: Other local grants (440,601)
Expenditures as reported on the Schedule of Expenditures
of Federal Awards $ 2,020,054