Notes to SEFA
Title: Non-cash assistance and other
Accounting Policies: The Organization's reporting entity is defined in Note A of the financial statements. The accounting policies and presentation of the Schedule have been designed to conform to accounting principles generally accepted in the United States of America.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The Organization did not receive any noncash assistance, federal loans, or federally funded insurance during the year ended December 31, 2022.
Title: Basis of Presentation
Accounting Policies: The Organization's reporting entity is defined in Note A of the financial statements. The accounting policies and presentation of the Schedule have been designed to conform to accounting principles generally accepted in the United States of America.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the Federal grant activity of Unconditional Love, Inc. (the Organization), and is presented on the accrual basis of accounting. The information in the 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 the Schedule may differ from amounts presented in, or used in the preparation of, the financial statements.