Notes to SEFA
The accompanying Schedule of Expenditures of Federal Awards (the “Schedule’) includes the federal award activity of the Long Island Crisis Center (“LICC”) under programs of the federal government for the year ended December 31, 2024. The information in this Schedule is presented in accordance with the requirement 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 LICC, it is not intended to and does not present the financial position, changes in net assets or cash flows of LICC.
Expenditures reported on the Schedule are reported on the modified 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. Pass-through numbers are presented where available. The amounts reported as federal expenditures were obtained from the federal financial reports for the applicable program and periods. The amounts reported in these reports are prepared from records maintained for each program, which are reconciled with LICC’s financial reporting system. Matching costs (i.e. LICC’s share of certain program costs) are not included in the reported expenditures.
LICC has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
No insurance is carried specifically to cover equipment purchased with federal funds. Any equipment purchased with federal funds has only a nominal value, and is covered by LICC’s insurance policies. There were no loans or loan guarantees outstanding at year end.
LICC was deemed not to be a “low-risk auditee”, therefore, major programs were determined based on 40% of total federal award expenditures.