Notes to SEFA
Title: Basis of presentation
Accounting Policies: Expenditures reported on the Schedule of Expenditures of Federal Awards 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. The Diocesan Council of the Society of St. Vincent de Paul, Diocese of Phoenix and Subsidiary has not elected to use the ten percent de minimus indirect cost rate as allowed under the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: The Diocesan Council of the Society of St. Vincent de Paul, Diocese of Phoenix and Subsidiary has not elected to use the ten percent de minimus indirect cost rate as allowed under the Uniform Guidance.
The accompanying Schedule of Expenditures of Federal Awards (the “Schedule”) includes the federal grant activity of The Diocesan Council of the Society of St. Vincent de Paul, Diocese of Phoenix and Subsidiary 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 The Diocesan Council of the Society of St. Vincent de Paul, Diocese of Phoenix and Subsidiary, it is not intended to and does not present the consolidated financial position, change in net assets or cash flows of The Diocesan Council of the Society of St. Vincent de Paul, Diocese of Phoenix and Subsidiary. The Diocesan Council of the Society of St. Vincent de Paul, Diocese of Phoenix and Subsidiary did not provide federal awards to sub-recipients during the year ended September 30, 2024.
Title: Assistance listing numbers
Accounting Policies: Expenditures reported on the Schedule of Expenditures of Federal Awards 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. The Diocesan Council of the Society of St. Vincent de Paul, Diocese of Phoenix and Subsidiary has not elected to use the ten percent de minimus indirect cost rate as allowed under the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: The Diocesan Council of the Society of St. Vincent de Paul, Diocese of Phoenix and Subsidiary has not elected to use the ten percent de minimus indirect cost rate as allowed under the Uniform Guidance.
The program titles and assistance listing numbers were obtained from the 2024 Assistance Listing.