Notes to SEFA
Title: Oversight Agency
Accounting Policies: The accompanying Schedule of Expenditures of Federal and State Awards includes the federal and state grant activity of Boys & Girls Club Fox Valley, Inc. and is presented on the accrual basis of accounting. The information in the schedule is presented in accordance with the requirements of the State Single Audit Guidelines and Uniform Guidance. Therefore, some amounts presented in the schedule may differ from amounts presented in or used in the preparation of the basic financial statements. Such expenditures are recognized following the cost principles contained in the State Single Audit Guidelines and Uniform Guidance, wherein certain types of expenditures are not allowable and are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The Federal oversight agency for Boys & Girls Club of the Fox Valley, Inc. is U.S. Department of Health and Human Services.