Title: SUPPLEMENTARY DATA
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of Matrix Human Services (the Organization) and is presented on the same basis of accounting as the financial statements. The information in this schedule is presented in
accordance with the requirements of the Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). In addition, expenditures reported on the schedule are recognized following the federal cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowed or are limited as to reimbursement.
Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements. Because the schedule presents only a selected portion of the operations of the Organization, it is not intended to and does not present the financial position, change in net position or cash flows of the Organization.
De Minimis Rate Used: Y
Rate Explanation: The Organization has elected to use the 10 percent de minimis rate (from December 1, 2023 through September 30, 2024) and the 15 percent de minimis rate (from October 1, 2024 through November 30, 2024) allowed under the Uniform Guidance.
The following schedule was prepared to meet the Single Audit report requirements of the Michigan Department of Education.
Title: RECONCILIATION TO SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of Matrix Human Services (the Organization) and is presented on the same basis of accounting as the financial statements. The information in this schedule is presented in
accordance with the requirements of the Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). In addition, expenditures reported on the schedule are recognized following the federal cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowed or are limited as to reimbursement.
Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements. Because the schedule presents only a selected portion of the operations of the Organization, it is not intended to and does not present the financial position, change in net position or cash flows of the Organization.
De Minimis Rate Used: Y
Rate Explanation: The Organization has elected to use the 10 percent de minimis rate (from December 1, 2023 through September 30, 2024) and the 15 percent de minimis rate (from October 1, 2024 through November 30, 2024) allowed under the Uniform Guidance.
The following schedule reconciles the grants and contracts revenue per Matrix Human Services’ financial statements for the year ended November 30, 2024 to the total federal expenditures on the Schedule of Expenditures of Federal Awards.
Title: SUBSEQUENT EVENTS
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of Matrix Human Services (the Organization) and is presented on the same basis of accounting as the financial statements. The information in this schedule is presented in
accordance with the requirements of the Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). In addition, expenditures reported on the schedule are recognized following the federal cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowed or are limited as to reimbursement.
Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements. Because the schedule presents only a selected portion of the operations of the Organization, it is not intended to and does not present the financial position, change in net position or cash flows of the Organization.
De Minimis Rate Used: Y
Rate Explanation: The Organization has elected to use the 10 percent de minimis rate (from December 1, 2023 through September 30, 2024) and the 15 percent de minimis rate (from October 1, 2024 through November 30, 2024) allowed under the Uniform Guidance.
All subsequent events related to the major programs were evaluated through August 27, 2025, the date the accompanying reports were available to be issued. No significant event was noted that required adjustment or disclosure in the report.