Notes to SEFA
The accompanying schedule of expenditures of federal awards includes the federal grant activity of Thrive IRC, Inc. (Thrive) 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 (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements.
Amounts received or receivable from grantor agencies are subject to audit and adjustment by those agencies. Any disallowed claims, including amounts already received, might constitute a liability of Thrive for the return of those funds.
Thrive has not elected to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
Thrive has not provided any funds to subrecipients.
The accompanying schedule of expenditures of federal awards includes federal expenditures awarded by more than one pass-through agency or under more than one contract.