Title: SIGNIFICANT ACCOUNTING POLICIES
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of Esperanza para la Vejez, Inc., and is presented using the accrual basis of accounting. The information in this schedule is presented in accordance with the requirement 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 Esperanza para la Vejez, Inc., it is not intended to and does not present the financial position, changes in net assets, or cash flows of Esperanza para la Vejez, Inc.
De Minimis Rate Used: Y
Rate Explanation: The Organization reported $30,932 under the Senior Companion Programs as minimum indirect cost rate allowed under the Uniform Guidance.
The total cost is 10 percent allowed by the Agency.
The accompanying schedule of expenditures of federal awards includes the federal grant activity of Esperanza para la Vejez, Inc., and is presented using the accrual basis of accounting. The information in this schedule is presented in accordance with the requirement 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 Esperanza para la Vejez, Inc., it is not intended to and does not present the financial position, changes in net assets, or cash flows of Esperanza para la Vejez, Inc.
Title: BASIS OF PRESENTATION
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of Esperanza para la Vejez, Inc., and is presented using the accrual basis of accounting. The information in this schedule is presented in accordance with the requirement 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 Esperanza para la Vejez, Inc., it is not intended to and does not present the financial position, changes in net assets, or cash flows of Esperanza para la Vejez, Inc.
De Minimis Rate Used: Y
Rate Explanation: The Organization reported $30,932 under the Senior Companion Programs as minimum indirect cost rate allowed under the Uniform Guidance.
The total cost is 10 percent allowed by the Agency.
The reconciliation of expenditures in the financial statements to the Schedule of Expenditures of Federal Awards is as follows:
Expenditures per the financial statements $2,651,848
Less non-federal expenditures $605,565
Expenditures per Schedule of Expenditures of Federal Awards $2,046,283
Title: INDIRECT COST RATE
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of Esperanza para la Vejez, Inc., and is presented using the accrual basis of accounting. The information in this schedule is presented in accordance with the requirement 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 Esperanza para la Vejez, Inc., it is not intended to and does not present the financial position, changes in net assets, or cash flows of Esperanza para la Vejez, Inc.
De Minimis Rate Used: Y
Rate Explanation: The Organization reported $30,932 under the Senior Companion Programs as minimum indirect cost rate allowed under the Uniform Guidance.
The total cost is 10 percent allowed by the Agency.
The Organization reported $30,932 under the Senior Companion Programs as minimum indirect cost rate allowed under the Uniform Guidance.
The total cost is 10 percent allowed by the Agency.