Notes to SEFA
Title: Basis of Presentation
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Suchexpenditures 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: MALS has elected not to use the 10% de minimis indirect cost rate as described in the UniformGuidance.
The accompanying schedule of expenditures of federal awards (the “Schedule”) includes thefederal grant activity of Memphis Area Legal Services, Inc. (“MALS”), under programs of thefederal government for the year ended The information in this Schedule ispresented in accordance with the requirements of Title 2 U.S.
Code of Federal Regulations Part200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for FederalAwards (Uniform Guidance
). Because the Schedule presents only a selected portion of theoperations of MALS, it is not intended to and does not present the financial position, changes innet assets, or cash flows of MALS.
Title: Summary of Significant Accounting Policies
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Suchexpenditures 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: MALS has elected not to use the 10% de minimis indirect cost rate as described in the UniformGuidance.
Expenditures reported on the Schedule are reported on the accrual basis of accounting. Suchexpenditures 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: Indirect Cost Rate
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Suchexpenditures 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: MALS has elected not to use the 10% de minimis indirect cost rate as described in the UniformGuidance.
MALS has elected not to use the 10% de minimis indirect cost rate as described in the UniformGuidance.