Notes to SEFA
Accounting Policies: Reporting Entity The accompanying Schedule of Expenditures of Federal Awards includes all federal award programs of The Northern Lighthouse for the fiscal year ended December 31, 2022. The reporting entity is defined in the Notes to the Financial Statements of The Northern Lighthouse.Basis of Presentation The information in the accompanying Schedule of Expenditures of Federal Awards is presented in accordance with the Uniform Guidance.1.Pursuant to the Uniform Guidance, federal awards are defined as assistance provided by a federal agency, either directly or indirectly, in the form of grants, contracts, cooperative agreements, loans, loan guarantees, property, interest subsidies, insurance or direct appropriations.2.Major Programs The Uniform Guidance establishes the levels of expenditures to be used in defining major federal financial award programs. Major programs for The Northern Lighthouse have been identified in the attached Schedule of Findings and Questioned Costs.Basis of Accounting Except for funds received under CFDA # 93.498, Provider relief fund, the schedule of expenditures of federal awards includes the federal grant activity of The Northern Lighthouse and is presented on the full accrual basis, which is consistent with reporting in the Organizations financial statements. Based on guidance from the U.S. Department of Health and Human Services the provider relief funds are presented based on the period in which payments were received.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.