Notes to SEFA
The accompanying Schedule of Expenditures of Federal Awards and the Schedule of State Financial Assistance include the federal and state grant activities of Breakthrough Miami, Inc. (the “Organization”) and is presented on the accrual basis. The information on these schedules 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), Chapter 10.650, Rules of the Auditor General; and the requirements of Chapter 691-5, Rules of the Florida Department of Financial Services, Florida Administrative Code. Therefore, some amounts presented in these schedules may differ from amounts presented in, or used in the preparation of, the financial statements.
The Organization did not elect to use the 10% de minimis cost rate.