Title: SCOPE OF ENTITY
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of Phalanx Family Services and 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 Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance).
De Minimis Rate Used: Y
Rate Explanation: The schedule presents only a selected portion of the operations of Phalanx Family Services and accordingly, it is not intended to and does not present the financial position, changes in net position or cash flows of Phalanx Family Services. Phalanx Family Services has elected to use the 10% de minimis indirect cost rate of modified total direct costs allowed by the Uniform Guidance.
Programs subject to Single Audit: A schedule of expenditures of federal awards is presented for each federal program related to the following agencies: United States Department of Agriculture $715,896
United States Department of the Treasury 315,959
United States Department of Justice 396,137
United States Department of Health & Human Services 311,889
Total $1,739,881
Title: FINANCIAL STATEMENT PRESENTATION
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of Phalanx Family Services and 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 Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance).
De Minimis Rate Used: Y
Rate Explanation: The schedule presents only a selected portion of the operations of Phalanx Family Services and accordingly, it is not intended to and does not present the financial position, changes in net position or cash flows of Phalanx Family Services. Phalanx Family Services has elected to use the 10% de minimis indirect cost rate of modified total direct costs allowed by the Uniform Guidance.
The accompanying schedule of expenditures of federal awards includes the federal grant activity of Phalanx Family Services and 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 Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in, the preparation of the basic financial statements. The schedule presents only a selected portion of the operations of Phalanx Family Services and accordingly, it is not intended to and does not present the financial position, changes in net position or cash flows of Phalanx Family Services. Phalanx Family Services has elected to use the 10% de minimis indirect cost rate of modified total direct costs allowed by the Uniform Guidance.
Title: FINDINGS AND NONCOMPLIANCE
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of Phalanx Family Services and 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 Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance).
De Minimis Rate Used: Y
Rate Explanation: The schedule presents only a selected portion of the operations of Phalanx Family Services and accordingly, it is not intended to and does not present the financial position, changes in net position or cash flows of Phalanx Family Services. Phalanx Family Services has elected to use the 10% de minimis indirect cost rate of modified total direct costs allowed by the Uniform Guidance.
There were no finding and noncompliance identified in connection with the 2024 Single Audit and 2023 Single Audit, respectively.
Title: NONCASH AWARDS
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of Phalanx Family Services and 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 Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance).
De Minimis Rate Used: Y
Rate Explanation: The schedule presents only a selected portion of the operations of Phalanx Family Services and accordingly, it is not intended to and does not present the financial position, changes in net position or cash flows of Phalanx Family Services. Phalanx Family Services has elected to use the 10% de minimis indirect cost rate of modified total direct costs allowed by the Uniform Guidance.
There were no noncash awards in connection with the 2024 Single Audit and 2023 Single Audit, respectively.
Title: SUBRECIPENT EXPENDITURES
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of Phalanx Family Services and 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 Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance).
De Minimis Rate Used: Y
Rate Explanation: The schedule presents only a selected portion of the operations of Phalanx Family Services and accordingly, it is not intended to and does not present the financial position, changes in net position or cash flows of Phalanx Family Services. Phalanx Family Services has elected to use the 10% de minimis indirect cost rate of modified total direct costs allowed by the Uniform Guidance.
There were no sub-recipient expenditures in connection with the 2024 Single Audit and 2023 Single Audit, respectively.
Title: FEDERAL INSURANCE
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of Phalanx Family Services and 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 Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance).
De Minimis Rate Used: Y
Rate Explanation: The schedule presents only a selected portion of the operations of Phalanx Family Services and accordingly, it is not intended to and does not present the financial position, changes in net position or cash flows of Phalanx Family Services. Phalanx Family Services has elected to use the 10% de minimis indirect cost rate of modified total direct costs allowed by the Uniform Guidance.
There was no federal insurance in effect in connection with the 2024 Single Audit and 2023 Single Audit, respectively.
Title: LOANS OR LOAN GUARANTEES
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of Phalanx Family Services and 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 Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance).
De Minimis Rate Used: Y
Rate Explanation: The schedule presents only a selected portion of the operations of Phalanx Family Services and accordingly, it is not intended to and does not present the financial position, changes in net position or cash flows of Phalanx Family Services. Phalanx Family Services has elected to use the 10% de minimis indirect cost rate of modified total direct costs allowed by the Uniform Guidance.
There were no loans or loan guarantees in connection with the 2024 Single Audit and 2023 Single Audit, respectively.