Notes to SEFA
Title: BASIS OF PRESENTATION
Accounting Policies: Expenditures reported on the schedule are reported using the same accounting policies as the general-purpose financial statements. Readers should refer to the notes to the financial statements for more detail. 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. Negative amounts shown on the schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years.
De Minimis Rate Used: N
Rate Explanation: THE ORGANIZATION HAS ELECTED TO NOT USE THE DE MINIMIS COST RATE ALLOWED UNDER THE UNIFORM GUIDANCE
The Schedule of Federal Awards presents the activity of all federal financial assistance and federal cost-reimbursement contracts of Wyoming Independent Living, Inc. (the Organization) 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 Organization, it is not intended to and does not present the financial position, changes in net assets or cash flows of the Organization.
Title: MAJOR PROGRAMS
Accounting Policies: Expenditures reported on the schedule are reported using the same accounting policies as the general-purpose financial statements. Readers should refer to the notes to the financial statements for more detail. 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. Negative amounts shown on the schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years.
De Minimis Rate Used: N
Rate Explanation: THE ORGANIZATION HAS ELECTED TO NOT USE THE DE MINIMIS COST RATE ALLOWED UNDER THE UNIFORM GUIDANCE
The major programs are identified in the Summary of Auditor’s Results section of the Schedule of Findings and Questioned Costs.
Title: SUBRECIPIENTS
Accounting Policies: Expenditures reported on the schedule are reported using the same accounting policies as the general-purpose financial statements. Readers should refer to the notes to the financial statements for more detail. 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. Negative amounts shown on the schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years.
De Minimis Rate Used: N
Rate Explanation: THE ORGANIZATION HAS ELECTED TO NOT USE THE DE MINIMIS COST RATE ALLOWED UNDER THE UNIFORM GUIDANCE
The Organization has no subrecipients during the year ended September 30, 2024.