Title: Summary of Significant Accounting Policies
Accounting Policies: The accompanying schedule of expenditures of federal awards and state financial assistance (the Schedule) includes the federal and state award activity of Suncoast Center, Inc. and Subsidiary under programs of the federal government and the State of Florida for the year ended June 30, 2022. 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 Principals, and Audit Requirements for Federal Awards (Uniform Guidance), and the State of Florida Chapter 10.650, Rules of the Auditor General. Because the schedule presents only a selected portion of the operations of Suncoast Center, Inc. and Subsidiary, it is not intended to and does not present the financial position, changes in net assets or cash flows of Suncoast Center, Inc. and Subsidiary. Some amounts presented in the schedule may differ from amounts presented or used in the preparation of the consolidated financial statements.
De Minimis Rate Used: Y
Rate Explanation: The organization elected to use the 10% de minimus cost rate allowed by the Uniform Guidance for federal awards.
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 and cost principles established by the State of Florida Department of Financial Services, wherein certain types of expenditures are not allowable or are limited as to reimbursement.Expenditures reported in the Schedule for Federal Assistance Listing Number 93.498, Department of Health and Human ServicesProvider Relief Fund (PRF) and American Rescue Plan (ARP) Rural Distribution, include $305,181 of expenditures incurred by the Organization and awarded during the year ended June 30, 2021.The Organization did not pass through any federal award amounts to subrecipients during the year ended June 30, 2022.
Title: Support Requiring Matching Funds
Accounting Policies: The accompanying schedule of expenditures of federal awards and state financial assistance (the Schedule) includes the federal and state award activity of Suncoast Center, Inc. and Subsidiary under programs of the federal government and the State of Florida for the year ended June 30, 2022. 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 Principals, and Audit Requirements for Federal Awards (Uniform Guidance), and the State of Florida Chapter 10.650, Rules of the Auditor General. Because the schedule presents only a selected portion of the operations of Suncoast Center, Inc. and Subsidiary, it is not intended to and does not present the financial position, changes in net assets or cash flows of Suncoast Center, Inc. and Subsidiary. Some amounts presented in the schedule may differ from amounts presented or used in the preparation of the consolidated financial statements.
De Minimis Rate Used: Y
Rate Explanation: The organization elected to use the 10% de minimus cost rate allowed by the Uniform Guidance for federal awards.
From time to time, Suncoast Center, Inc. and Subsidiary receive funding from various sources that require the Organization to obtain matching funds. During the year ended June 30, 2022, Suncoast Center, Inc. and Subsidiary obtained matching funds of the required amount.
Title: Contingencies
Accounting Policies: The accompanying schedule of expenditures of federal awards and state financial assistance (the Schedule) includes the federal and state award activity of Suncoast Center, Inc. and Subsidiary under programs of the federal government and the State of Florida for the year ended June 30, 2022. 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 Principals, and Audit Requirements for Federal Awards (Uniform Guidance), and the State of Florida Chapter 10.650, Rules of the Auditor General. Because the schedule presents only a selected portion of the operations of Suncoast Center, Inc. and Subsidiary, it is not intended to and does not present the financial position, changes in net assets or cash flows of Suncoast Center, Inc. and Subsidiary. Some amounts presented in the schedule may differ from amounts presented or used in the preparation of the consolidated financial statements.
De Minimis Rate Used: Y
Rate Explanation: The organization elected to use the 10% de minimus cost rate allowed by the Uniform Guidance for federal awards.
Grant expenditures are subject to audit and possible disallowance by the grantor agencies. If any expenditure were to be disallowed by the grantor agency as a result of such an audit, any claim for reimbursement to the grantor agency would become a liability of Suncoast Center, Inc. and Subsidiary. In the opinion of management, all grant expenditures included on the accompanying schedule of expenditures of federal awards and state financial assistance, are in compliance with the terms of the grant agreements and applicable federal and state laws and regulations.
Title: Provider Relief Fund (PRF) and American Rescue Plan (ARP) Rural Distributio
Accounting Policies: The accompanying schedule of expenditures of federal awards and state financial assistance (the Schedule) includes the federal and state award activity of Suncoast Center, Inc. and Subsidiary under programs of the federal government and the State of Florida for the year ended June 30, 2022. 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 Principals, and Audit Requirements for Federal Awards (Uniform Guidance), and the State of Florida Chapter 10.650, Rules of the Auditor General. Because the schedule presents only a selected portion of the operations of Suncoast Center, Inc. and Subsidiary, it is not intended to and does not present the financial position, changes in net assets or cash flows of Suncoast Center, Inc. and Subsidiary. Some amounts presented in the schedule may differ from amounts presented or used in the preparation of the consolidated financial statements.
De Minimis Rate Used: Y
Rate Explanation: The organization elected to use the 10% de minimus cost rate allowed by the Uniform Guidance for federal awards.
The following entity within the Organization received Provider Relief Fund (PRF) and American Rescue Plan (ARP) Rural Distribution funds: Entity: Suncoast Center, Inc. Tax ID: 59-2092717
Title: Fair Market Value of Donated Personal Protective Equipment (Unaudited)
Accounting Policies: The accompanying schedule of expenditures of federal awards and state financial assistance (the Schedule) includes the federal and state award activity of Suncoast Center, Inc. and Subsidiary under programs of the federal government and the State of Florida for the year ended June 30, 2022. 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 Principals, and Audit Requirements for Federal Awards (Uniform Guidance), and the State of Florida Chapter 10.650, Rules of the Auditor General. Because the schedule presents only a selected portion of the operations of Suncoast Center, Inc. and Subsidiary, it is not intended to and does not present the financial position, changes in net assets or cash flows of Suncoast Center, Inc. and Subsidiary. Some amounts presented in the schedule may differ from amounts presented or used in the preparation of the consolidated financial statements.
De Minimis Rate Used: Y
Rate Explanation: The organization elected to use the 10% de minimus cost rate allowed by the Uniform Guidance for federal awards.
During the year ended June 30, 2022, the Corporation did not receive significant donated personal protective equipment from federal sources.