Notes to SEFA
The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of the Operating Fund of The Salvation Army Sarasota Command 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. Because this schedule presents only a selected portion of the operations of the Command, it is not intended to and does present the financial position, changes in net assets, or cash flows of the Command. All federal awards passed-through other governmental or non-profit agencies are included in the accompanying schedule. Expenditures reported on the schedule 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 reimbursements. Pass-through identifying numbers are presented when available.
The Command has elected to use the 15% de minimis indirect cost rate as allowed under the Uniform Guidance
These federal programs are subject to financial and compliance audits by grantor agencies which, if instances of material noncompliance are found, may result in disallowed expenditures and affect the Command’s continued participation in specified programs. The amount, if any, of expenditures which may be disallowed by the grantor agencies cannot be determined at this time, although the Command expects such amounts, if any, to be immaterial.
Of the federal expenditures presented in this schedule, the Operating Fund of The Salvation Army Sarasota Command did not provide federal awards to subrecipients