Notes to SEFA
The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activities of St. Mark’s (U.M.C.) Family Services Council, Inc. for the year ended June 30, 2022 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 amounts presented in, or used in the preparation of, the basic financial statements.
The program amount reflected in the Schedule of Expenditures of Federal Awards represents reimbursement not exceeding the maximum contract amount and allowable costs incurred, as well as advances for program expenditures. The expenditures reflected in the schedule pertain to actual expenses incurred for the program.
The Organization has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
In accordance with ASC Topic 855, Subsequent Events, the Organization evaluated subsequent events from the statement of financial position date of June 30, 2022 through August 22, 2025, the date when the financial statements were available to be issued.