Notes to SEFA
Title: NOTE 1 - BASIS OF PREPARATION
Accounting Policies: The expenditures in the accompaying Schedule of Expenditures of Federal Awards are presented using the accrual basis of accounting. The accural basis regonizes expenses when they are inccurred.
De Minimis Rate Used: N
Rate Explanation: The MHAPB did not recover its indirect cost using the 10% de minimis indirect cost rate provided under Section 200.414 of the Uniform Guidance.
This Schedule is prepared on the same basis of accounting as the Mental Health America of the Palm Beaches, Inc.’s (“MHAPB”) financial statement. The MHAPB uses the accrual basis of accounting in accordance with accounting principles generally accepted in the United States of America (“GAAP”). Expenditures represent only the federally funded portions of the program.
Title: NOTE 2 - SIGNIFICANT ACCOUNTING POLICIES
Accounting Policies: The expenditures in the accompaying Schedule of Expenditures of Federal Awards are presented using the accrual basis of accounting. The accural basis regonizes expenses when they are inccurred.
De Minimis Rate Used: N
Rate Explanation: The MHAPB did not recover its indirect cost using the 10% de minimis indirect cost rate provided under Section 200.414 of the Uniform Guidance.
The amounts shown as current year expenditures represent only the federal grant portion of the program costs. Such expenditures are recognized following the cost principles contained in Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles and Audit Requirements for Federal Awards (Uniform Guidance), wherein certain types of expenditures are not allowable or are limited as to reimbursement.
Title: NOTE 3 - INDIRECT COST RATE
Accounting Policies: The expenditures in the accompaying Schedule of Expenditures of Federal Awards are presented using the accrual basis of accounting. The accural basis regonizes expenses when they are inccurred.
De Minimis Rate Used: N
Rate Explanation: The MHAPB did not recover its indirect cost using the 10% de minimis indirect cost rate provided under Section 200.414 of the Uniform Guidance.
The MHAPB did not recover its indirect costs using the 10% de minimis indirect cost rate provided under Section 200.414 of the Uniform Guidance.
Title: NOTE 4 - SUBRECIPIENTS
Accounting Policies: The expenditures in the accompaying Schedule of Expenditures of Federal Awards are presented using the accrual basis of accounting. The accural basis regonizes expenses when they are inccurred.
De Minimis Rate Used: N
Rate Explanation: The MHAPB did not recover its indirect cost using the 10% de minimis indirect cost rate provided under Section 200.414 of the Uniform Guidance.
Amounts passed through to subrecipients is $0 for fiscal year ended June 30, 2024.