Notes to SEFA
Accounting Policies: A.Basis of PresentationThe accompanying Schedule of Expenditures of Federal Awards (SEFA) includes the federal grant activity of Together We Cope and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of the Office of Management and Budget Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some amounts presented in this schedule may differ from amounts presented in or used in the preparation of the basic financial statements.B.Indirect Facilities & Administration CostsTogether We Cope did not elect to use the 10% de minimis cost rate.C.SubrecipientsOf the federal expenditures presented in the schedule, Together We Cope did not provide federal awards to any subrecipients.D.Non-cash AssistanceThe following amounts were expended in the form of non-cash assistance by Together We Cope and are included in the Schedule of Expenditure of Federal Awards.Emergency Food Assistance10.569$498,251Temporary Assistance for Needy Families93.558$1,835Community Services Block Grant93.569$30,043E.Other InformationTogether We Cope did not spend any federal award dollars on insurance. There are no outstanding loans or loan guarantees at June 30, 2022. Together We Cope did have grants with matching expenditures. In accordance with the Uniform Guidance, those amounts were not included on the SEFA.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.