Notes to SEFA
Title: Basis of Presentation
Accounting Policies: Federal award expenditures are reported on the statement of functional expenses as legal services and any related allowable general and administrative expenses under the category of management and general expenses. In certain programs, the expenditures reported in the financial statements may differ from the expenditures reported in the schedule of expenditures of federal awards due to program expenditures exceeding grant or contract budget limitations, matching or contributions of nonfinancial asset or capitalization policies required under accounting principles generally accepted in the United States of America.
De Minimis Rate Used: N
Rate Explanation: The Organization has elected not to use the 10 percent de minimus indirect cost rate as allowed under Uniform Guidance and instead uses the overhead allocation rate provided by the specific contracts for the programs.
The accompanying schedule of expenditures of federal awards presents the activity of all federal awards programs administered by Neighborhood Legal Services, Inc. (“NLS” or the “Organization”). Federal awards received directly from federal agencies are included on the schedule of expenditures of federal awards.
Title: Basis of Accounting
Accounting Policies: Federal award expenditures are reported on the statement of functional expenses as legal services and any related allowable general and administrative expenses under the category of management and general expenses. In certain programs, the expenditures reported in the financial statements may differ from the expenditures reported in the schedule of expenditures of federal awards due to program expenditures exceeding grant or contract budget limitations, matching or contributions of nonfinancial asset or capitalization policies required under accounting principles generally accepted in the United States of America.
De Minimis Rate Used: N
Rate Explanation: The Organization has elected not to use the 10 percent de minimus indirect cost rate as allowed under Uniform Guidance and instead uses the overhead allocation rate provided by the specific contracts for the programs.
The information is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance).
Title: Summary of Significant Accounting Policies
Accounting Policies: Federal award expenditures are reported on the statement of functional expenses as legal services and any related allowable general and administrative expenses under the category of management and general expenses. In certain programs, the expenditures reported in the financial statements may differ from the expenditures reported in the schedule of expenditures of federal awards due to program expenditures exceeding grant or contract budget limitations, matching or contributions of nonfinancial asset or capitalization policies required under accounting principles generally accepted in the United States of America.
De Minimis Rate Used: N
Rate Explanation: The Organization has elected not to use the 10 percent de minimus indirect cost rate as allowed under Uniform Guidance and instead uses the overhead allocation rate provided by the specific contracts for the programs.
Federal award expenditures are reported on the statement of functional expenses as legal services and any related allowable general and administrative expenses under the category of management and general expenses. In certain programs, the expenditures reported in the financial statements may differ from the expenditures reported in the schedule of expenditures of federal awards due to program expenditures exceeding grant or contract budget limitations, matching or contributions of nonfinancial asset or capitalization policies required under accounting principles generally accepted in the United States of America.
Title: Indirect Costs
Accounting Policies: Federal award expenditures are reported on the statement of functional expenses as legal services and any related allowable general and administrative expenses under the category of management and general expenses. In certain programs, the expenditures reported in the financial statements may differ from the expenditures reported in the schedule of expenditures of federal awards due to program expenditures exceeding grant or contract budget limitations, matching or contributions of nonfinancial asset or capitalization policies required under accounting principles generally accepted in the United States of America.
De Minimis Rate Used: N
Rate Explanation: The Organization has elected not to use the 10 percent de minimus indirect cost rate as allowed under Uniform Guidance and instead uses the overhead allocation rate provided by the specific contracts for the programs.
The Organization has elected not to use the 10 percent de minimus indirect cost rate as allowed under Uniform Guidance and instead uses the overhead allocation rate provided by the specific contracts for the programs.