Notes to SEFA
Title: CITY OF PHILADELPHIA, DHCD Subrecipient Funding
Accounting Policies: The accompanying schedule of expenditures of federal, state and city awards includes all federal, state and citygrant activity of Congreso de Latinos Unidos, Inc. and Affiliates (the Organization or Congreso). Theinformation in this schedule of expenditures of federal, state and city awards is presented in accordance with therequirements of the Uniform Guidance and the City of Philadelphia Subrecipient Audit Guide. The activities thatare funded by the City of Philadelphia with state and city awards and are required to be disclosed by the City ofPhiladelphia Subrecipient Audit Guide are also included in the accompanying schedule of expenditures of federal,state and city awards. Because the schedule of expenditures of federal, state and city awards presents only aselected portion of the operations of the Organization, it is not intended to, and does not, present the consolidatedfinancial position, changes in net assets or cash flows of the Organization. Expenditures reported on the schedule of expenditures of federal, state, and city awards are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, where certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The DHCD contract awards included in the accompanying schedule of expenditures of federal, state and cityawards do not include subcontract awards.
Title: RECONCILIATION OF EXPENSES TO SEFA
Accounting Policies: The accompanying schedule of expenditures of federal, state and city awards includes all federal, state and citygrant activity of Congreso de Latinos Unidos, Inc. and Affiliates (the Organization or Congreso). Theinformation in this schedule of expenditures of federal, state and city awards is presented in accordance with therequirements of the Uniform Guidance and the City of Philadelphia Subrecipient Audit Guide. The activities thatare funded by the City of Philadelphia with state and city awards and are required to be disclosed by the City ofPhiladelphia Subrecipient Audit Guide are also included in the accompanying schedule of expenditures of federal,state and city awards. Because the schedule of expenditures of federal, state and city awards presents only aselected portion of the operations of the Organization, it is not intended to, and does not, present the consolidatedfinancial position, changes in net assets or cash flows of the Organization. Expenditures reported on the schedule of expenditures of federal, state, and city awards are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, where certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
Governmental grants and contracts per consolidated financial statements $15,405,568 less nongovernmental revenue passed through governmental agencies $824,376 less governmental grants and contracts recognized for accrued expenses not recognized on the schedule of expenditures of federal, state and city awards $39,500 equals $14,541,692.