Title: BASIS OF PRESENTATION
Accounting Policies: Basis of Accounting: The accompanying Schedule includes the federal grant activity of the
Organization and is presented on the accrual basis of accounting. The information in the
Schedule is presented in accordance with the requirements of the Uniform Guidance.
Therefore, some amounts presented in the Schedule may differ from amounts presented in, or
used in the preparation of, the basic financial statements. The amounts presented in the
Schedule have been reconciled to the Organization’s basic financial statements.
Cost Allocation: The Organization allocates indirect costs related to grant programs in
accordance with, the cost principles contained in the Uniform Guidance. The Organization has
elected to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.
Program Costs: The amounts shown as current year expenses represent only the federal grant
portion of the program costs. Entire program costs, including the Organization portion, may
be more than shown
De Minimis Rate Used: Y
Rate Explanation: The Organization has
elected to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance
The accompanying Schedule of Expenditures of Federal Awards (the Schedule) summarizes
the federal awards expended by AIDS Services Coalition (the Organization) for the year ended
December 31, 2022.
For the purposes of the Schedule, federal awards include all grants, contracts, loans, and loan
guarantee agreements entered directly between the Organization and agencies and departments
of the federal government. The Organization has classified all awards into major and nonmajor
programs in accordance with the provisions of Title 2 U.S. Code of Federal Regulations Part
200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for
Federal Awards (Uniform Guidance). The major programs that comprise the CFDA #14.241
include the following grants:
Housing Opportunities for Persons with AIDS – CFDA 14.241 – Pass-through from
Mississippi Home Corps.
Housing Opportunities for Persons with AIDS Cares Act Supplemental Allocation (COVID
Grant) – CFDA 14.241 – Pass-through from Mississippi Home Corps.
Emergency Solutions Grant Program – Formula Grant – CFDA 14.241 – Pass-through from
Mississippi Home Corps.
Fiscal Period Audited: Single audit testing procedures were performed for program transactions
that occurred during the fiscal year ended December 31, 2022.
Pass-Through Entity Identifying Numbers - Pass-through entity identifying numbers are
presented when available.
Title: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Accounting Policies: Basis of Accounting: The accompanying Schedule includes the federal grant activity of the
Organization and is presented on the accrual basis of accounting. The information in the
Schedule is presented in accordance with the requirements of the Uniform Guidance.
Therefore, some amounts presented in the Schedule may differ from amounts presented in, or
used in the preparation of, the basic financial statements. The amounts presented in the
Schedule have been reconciled to the Organization’s basic financial statements.
Cost Allocation: The Organization allocates indirect costs related to grant programs in
accordance with, the cost principles contained in the Uniform Guidance. The Organization has
elected to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.
Program Costs: The amounts shown as current year expenses represent only the federal grant
portion of the program costs. Entire program costs, including the Organization portion, may
be more than shown
De Minimis Rate Used: Y
Rate Explanation: The Organization has
elected to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance
Basis of Accounting: The accompanying Schedule includes the federal grant activity of the
Organization and is presented on the accrual basis of accounting. The information in the
Schedule is presented in accordance with the requirements of the Uniform Guidance.
Therefore, some amounts presented in the Schedule may differ from amounts presented in, or
used in the preparation of, the basic financial statements. The amounts presented in the
Schedule have been reconciled to the Organization’s basic financial statements.
Cost Allocation: The Organization allocates indirect costs related to grant programs in
accordance with, the cost principles contained in the Uniform Guidance. The Organization has
elected to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.
Program Costs: The amounts shown as current year expenses represent only the federal grant
portion of the program costs. Entire program costs, including the Organization portion, may
be more than shown
Title: OTHER NONCASH ASSISTANCE
Accounting Policies: Basis of Accounting: The accompanying Schedule includes the federal grant activity of the
Organization and is presented on the accrual basis of accounting. The information in the
Schedule is presented in accordance with the requirements of the Uniform Guidance.
Therefore, some amounts presented in the Schedule may differ from amounts presented in, or
used in the preparation of, the basic financial statements. The amounts presented in the
Schedule have been reconciled to the Organization’s basic financial statements.
Cost Allocation: The Organization allocates indirect costs related to grant programs in
accordance with, the cost principles contained in the Uniform Guidance. The Organization has
elected to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.
Program Costs: The amounts shown as current year expenses represent only the federal grant
portion of the program costs. Entire program costs, including the Organization portion, may
be more than shown
De Minimis Rate Used: Y
Rate Explanation: The Organization has
elected to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance
The Organization did not receive federal noncash assistance during the ended December 31,
2022.
Title: AMOUNT OF FEDERAL INSURANCE IN EFFECT DURING THE YEAR
Accounting Policies: Basis of Accounting: The accompanying Schedule includes the federal grant activity of the
Organization and is presented on the accrual basis of accounting. The information in the
Schedule is presented in accordance with the requirements of the Uniform Guidance.
Therefore, some amounts presented in the Schedule may differ from amounts presented in, or
used in the preparation of, the basic financial statements. The amounts presented in the
Schedule have been reconciled to the Organization’s basic financial statements.
Cost Allocation: The Organization allocates indirect costs related to grant programs in
accordance with, the cost principles contained in the Uniform Guidance. The Organization has
elected to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.
Program Costs: The amounts shown as current year expenses represent only the federal grant
portion of the program costs. Entire program costs, including the Organization portion, may
be more than shown
De Minimis Rate Used: Y
Rate Explanation: The Organization has
elected to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance
No federal insurance was received by the Organization during the ended December 31, 2022.