Notes to SEFA
Title: Basis of Presntation
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures
De Minimis Rate Used: Y
Rate Explanation: Elected to use the 10% deminimus rate
The accompanying schedule of expenditures of federal awards (the "Schedule") includes the federal award activity of Domestic Violence Center of Chester County and Subsidiary under programs of the federal government for the year ended June 30, 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"). Therefore, some amounts presented in this schedule may differ from amounts presented in or used in preparation of the consolidated financial statements.
Title: Summary of significant accounting Policies
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures
De Minimis Rate Used: Y
Rate Explanation: Elected to use the 10% deminimus rate
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 ofexpenditures are not allowable or are limited as to reimbursement reimbursement.
Title: Indirect Cost Rate
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures
De Minimis Rate Used: Y
Rate Explanation: Elected to use the 10% deminimus rate
Domestic Violence Center of Chester County and Subsidiary has elected to use the 10% de minimus indirect cost rate as allowed under the Uniform Guidance