Notes to SEFA
Title: Summary of Significant Accounting Policies
Accounting Policies: The accompanying schedule of expenditures of federal and State awards ("SEFSA") includes the federal and State grant activity of the Autism Society of North Carolina, Inc. and Subsidiary and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2 US Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards and the State Single Audit Implementation Act. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of the consolidated financial statements.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimus cost rate.
Expenditures reported in the SEFSA are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. The Autism Society of North Carolina, Inc. and Subsidiary has elected not to use the 10-percent deminimis indirect cost rate as allowed under the Uniform Guidance.
Title: Provider Relief Funds
Accounting Policies: The accompanying schedule of expenditures of federal and State awards ("SEFSA") includes the federal and State grant activity of the Autism Society of North Carolina, Inc. and Subsidiary and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2 US Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards and the State Single Audit Implementation Act. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of the consolidated financial statements.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimus cost rate.
The Organization received funds under the Provider Relief Fund Program during the year ended June 30, 2022. The reporting of these funds on the Schedule of Expenditures of Federal and State Awards aligns with the reporting requirements to the PRF Reporting Portal.