Notes to SEFA
Title: BASIS OF ACCOUNTING
Accounting Policies: The accompanying schedule of expenditures of federal awards and schedule of expenditures of state awards presents the activity of all federal and state award programs of The Women's Center of Tarrant County, Inc. and Affiliate (the Organization) during the yearended September 30, 2022. The Organizations accounting policies and procedures are defined in Note 1 to the basic financial statements. All federal and state awards received directly from federal and state agencies, as well as awards passed through othergovernment agencies, have been included in the accompanying schedule of expenditures of federal awards and schedule of expenditures of state awards.
De Minimis Rate Used: Y
Rate Explanation: The Organization has elected to use the 10 percent de minimus indirect cost rate allowed under the Uniform Guidance.
The accompanying schedule of expenditures of federal awards and schedule ofexpenditures of state awards has been prepared using the accrual method of accountingwhereby grant revenues are recognized as expenditures are incurred. Separate accountsare maintained for the different awards to aid in the observance of limitations andrestrictions imposed by the funding agencies. 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) and the UGMS of the State of Texas Audit Circular.
Title: SUBRECIPIENTS
Accounting Policies: The accompanying schedule of expenditures of federal awards and schedule of expenditures of state awards presents the activity of all federal and state award programs of The Women's Center of Tarrant County, Inc. and Affiliate (the Organization) during the yearended September 30, 2022. The Organizations accounting policies and procedures are defined in Note 1 to the basic financial statements. All federal and state awards received directly from federal and state agencies, as well as awards passed through othergovernment agencies, have been included in the accompanying schedule of expenditures of federal awards and schedule of expenditures of state awards.
De Minimis Rate Used: Y
Rate Explanation: The Organization has elected to use the 10 percent de minimus indirect cost rate allowed under the Uniform Guidance.
Of the federal and state expenditures presented, the Organization provided no federal orstate awards to subrecipients.
Title: NONCASH ASSISTANCE
Accounting Policies: The accompanying schedule of expenditures of federal awards and schedule of expenditures of state awards presents the activity of all federal and state award programs of The Women's Center of Tarrant County, Inc. and Affiliate (the Organization) during the yearended September 30, 2022. The Organizations accounting policies and procedures are defined in Note 1 to the basic financial statements. All federal and state awards received directly from federal and state agencies, as well as awards passed through othergovernment agencies, have been included in the accompanying schedule of expenditures of federal awards and schedule of expenditures of state awards.
De Minimis Rate Used: Y
Rate Explanation: The Organization has elected to use the 10 percent de minimus indirect cost rate allowed under the Uniform Guidance.
The Organization did not receive any noncash assistance from federal or state awards forthe year ended September 30, 2022.
Title: LOANS
Accounting Policies: The accompanying schedule of expenditures of federal awards and schedule of expenditures of state awards presents the activity of all federal and state award programs of The Women's Center of Tarrant County, Inc. and Affiliate (the Organization) during the yearended September 30, 2022. The Organizations accounting policies and procedures are defined in Note 1 to the basic financial statements. All federal and state awards received directly from federal and state agencies, as well as awards passed through othergovernment agencies, have been included in the accompanying schedule of expenditures of federal awards and schedule of expenditures of state awards.
De Minimis Rate Used: Y
Rate Explanation: The Organization has elected to use the 10 percent de minimus indirect cost rate allowed under the Uniform Guidance.
At year-end, the Organization had no loans or loan guarantees outstanding with federal or state awarding agencies.