Notes to SEFA
Title: Basis of Presentation
Accounting Policies: We conducted our audit of compliance in accordance with auditing standards generally accepted in the United States of America; the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States; and the audit 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). Our responsibilities under those standards and the Uniform Guidance are further described in the Auditor’s Responsibilities for the Audit of Compliance section of our report.
De Minimis Rate Used: Y
Rate Explanation: Elected to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance on the Alternatives to Abortion Program
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal grant activity of Lutheran Family and Children’s Services of Missouri (the Agency) for the year ended December 31, 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 this Schedule presents only a selected portion of the operations of the Agency, it is not intended to and does not present the financial position, changes in net assets or cash flows of the Agency. Pass-through entity identifying numbers are presented where available
Title: Summary of Significant Accounting Pollicies
Accounting Policies: We conducted our audit of compliance in accordance with auditing standards generally accepted in the United States of America; the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States; and the audit 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). Our responsibilities under those standards and the Uniform Guidance are further described in the Auditor’s Responsibilities for the Audit of Compliance section of our report.
De Minimis Rate Used: Y
Rate Explanation: Elected to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance on the Alternatives to Abortion Program
Expenditures reported on the Schedule 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. No federal awards were expended in the form of noncash assistance
Title: Indirect Cost Rate
Accounting Policies: We conducted our audit of compliance in accordance with auditing standards generally accepted in the United States of America; the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States; and the audit 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). Our responsibilities under those standards and the Uniform Guidance are further described in the Auditor’s Responsibilities for the Audit of Compliance section of our report.
De Minimis Rate Used: Y
Rate Explanation: Elected to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance on the Alternatives to Abortion Program
The Agency has elected to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance on the Alternatives to Abortion Program