Notes to SEFA
Title: 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: Metro Atlanta Recovery Residences did not elect to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance. Indirect cost is not applicable.
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of METRO ATLANTA RECOVERY RESIDENCES under programs of the federal government for the year ended June 30, 2023. 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 METRO ATLANTA RECOVERY RESIDENCES, it is not intended to and does not present the financial position, changes in net assets, or cash flows of METRO ATLANTA RECOVERY RESIDENCES.
Title: 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: Metro Atlanta Recovery Residences did not elect to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance. Indirect cost is not applicable.
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: Indirect Cost Rate
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: Metro Atlanta Recovery Residences did not elect to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance. Indirect cost is not applicable.
METRO ATLANTA RECOVERY RESIDENCES did not elect to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.
Title: Subrecipients, Non-cash assistance, Federal Insurance, Loans and Loan Guarantees
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: Metro Atlanta Recovery Residences did not elect to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance. Indirect cost is not applicable.
METRO ATLANTA RECOVERY RESIDENCES did not provide any federal funds to subrecipients nor did they receive any federal non-cash assistance, insurance, or loan guarantees.