Notes to SEFA
The accompanying schedule of expenditures of federal awards includes the federal grant activity of Birmingham AIDS Outreach, Inc. 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. For the purposes of the schedule, federal awards include all grants, contracts, and similar agreements entered into directly with the federal government and other pass through entities. Payments received for goods or services provided as a vendor do not constitute federal awards for purposes of the schedule. The Organization has obtained Assistance Listing Numbers to ensure that all programs have been identified in the schedule.
This schedule was prepared on the accrual basis of accounting. Expenditures are recognized in the period in which they are incurred.
Grant monies received and disbursed by the Organization are for specific purposes and are subject to review by the grantor agencies. Such audits may result in requests for reimbursement due to disallowed expenditures. Based upon experience, the Organization does not believe that such disallowance, if any, would have a material effect on the financial position of the Organization. As of September 30, 2024, there were no questioned costs reported in the Schedule of Findings and Questioned Costs for Assistance Listing No. 93.917, U.S. Department of Health and Human Services HIV Care Formula Grants or Assistance Listing No. 93.939, Centers for Disease Control and Prevention HIV Prevention Activities Programs.
The Organization did not receive any federal noncash assistance for the fiscal year ending September 30, 2024.
The Organization has elected to use the 10% de minimis indirect cost rate for all federal awards.
The Organization did not provide federal funds to subrecipients for the fiscal year ending September 30, 2024.
The Organization did not have any loans or loan guarantee programs required to be reported on the schedule.