Notes to SEFA
The accompanying schedule of expenditures of federal awards (the “Schedule”) includes the federal grant activity of Boys and Girls Club of Livingston County under programs of the federal government for the year ended December 31, 2023. 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). Because the Schedule presents only a selected portion of the operations of Boys and Girls Club of Livingston County, it is not intended to and does not present the financial position, changes in net assets, or cash flows of Boys and Girls Club of Livingston County.
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 of expenditures are not allowable or are limited as to reimbursement.
Boys and Girls Club of Livingston County has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
None of the Federal awards were expended in the form of non-cash assistance.
There were no loans or loan guarantees outstanding at Boys and Girls Club of Livingston County.
The Organization did not pass-through any funds to subrecipients.
The amounts shown as current year expenses represent only the federal/state/local grant portion of the program costs. Entire program costs, including the Organization’s portion, may be more than shown.