Notes to SEFA
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Lutheran Social Services of the South, Inc. dba Upbring (the Organization) for the year ended March 31, 2026. 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). Because the Schedule presents only a selected portion of the operations of the Organization, it is not intended to and does not present the consolidated statements of financial position, changes in net assets, functional expenses, or cash flows of the Organization.
1. 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 allowed or are limited as to reimbursement. 2. Grants, cost reimbursement contracts, cooperative agreements, and direct appropriations are considered expended when the expenditure or expense transactions occur. 3. For those funds that have matching revenues and state funding, federal and state expenditures were determined by deducting matching revenues from expenditures. 4. There are no subreceipients.
The Organization has elected to use the de minimis cost rate allowed under the Uniform Guidance.