Notes to SEFA
Title: Note 1 - Basis of Presentation
Accounting Policies: 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.
De Minimis Rate Used: N
Rate Explanation: The Right Place, Inc. and Related Entities has elected not to use the 10% de minimis indirect costs rate allowed under the Uniform Guidance and negotiated indirect cost rates with each oversight agency.
The accompanying Schedule of Expenditures of Federal Awards (Schedule) includes the federal award activity of The Right Place, Inc. and Related Entities (the Entities) under programs of the federal government 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 the Schedule presents only a selected portion of the operations of The Right Place, Inc. and Related Entities, it is not intended to and does not present the financial position, changes in net assets, functional expenses or cash flows of The Right Place, Inc. and Related Entities.
Title: Note 2 - Summary of Significant Accounting Policies
Accounting Policies: 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.
De Minimis Rate Used: N
Rate Explanation: The Right Place, Inc. and Related Entities has elected not to use the 10% de minimis indirect costs rate allowed under the Uniform Guidance and negotiated indirect cost rates with each oversight agency.
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.
Title: Note 3 - Indirect Costs
Accounting Policies: 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.
De Minimis Rate Used: N
Rate Explanation: The Right Place, Inc. and Related Entities has elected not to use the 10% de minimis indirect costs rate allowed under the Uniform Guidance and negotiated indirect cost rates with each oversight agency.
The Right Place, Inc. and Related Entities has elected not to use the 10% de minimis indirect costs rate allowed under the Uniform Guidance and negotiated indirect cost rates with each oversight agency.