Notes to SEFA
The accompanying supplementary schedule of expenditures of federal awards (the “Schedule”) includes the federal award activity of Planned Parenthood of South Florida and the Treasure Coast, Inc. for the year ended June 30, 2024. The information has been prepared in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (“CFR”) 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 Planned Parenthood of South Florida and the Treasure Coast, Inc., it is not intended to, and does not, present the financial position, changes in net assets, or cash flows of Planned Parenthood of South Florida and the Treasure Coast, Inc.
Expenditures reported on the schedule of expenditures of federal awards 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.
Planned Parenthood of South Florida and the Treasure Coast, Inc. has elected not to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance.