Title: Basis of presentation
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of Wellspring and is presented on the accrual basis of accounting. 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 the amounts presented in, or used in the preparation of, the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: NEGOTIATED RATE
The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of Wellspring and is presented on the accrual basis of accounting. 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 the amounts presented in, or used in the preparation of, the basic financial statements. Wellspring did not utilize subrecipients during the year ended December 31, 2024.
Title: Pass through programs
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of Wellspring and is presented on the accrual basis of accounting. 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 the amounts presented in, or used in the preparation of, the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: NEGOTIATED RATE
Where Wellspring receives funds from a government entity other than the federal government (pass-through), the funds are accumulated based upon the Assistance Listing Number (ALN) advised by the pass-through grantor. Identifying numbers, other than ALN numbers, which may be assigned bypass-through grantors are not maintained in the Wellspring’s financial management system. Wellspring has identified certain pass-through identifying numbers and included them in the schedule of expenditures of federal awards.
Title: Indirect costs
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of Wellspring and is presented on the accrual basis of accounting. 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 the amounts presented in, or used in the preparation of, the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: NEGOTIATED RATE
Indirect costs are included in the reported expenditures to the extent such costs are included in the federal financial reports used as the source for the data presented. Wellspring has not elected to use the 10 percent de-minimis indirect cost rate allowed under the Uniform Guidance.
Title: Matching Costs
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of Wellspring and is presented on the accrual basis of accounting. 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 the amounts presented in, or used in the preparation of, the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: NEGOTIATED RATE
Matching costs are not included in the schedule of expenditures of federal awards.