Notes to SEFA
Title: MATCHING, LEVEL OF EFFORT OR EARMARKING REQUIREMENTS
Accounting Policies: 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 allowable or are limited as to reimbursement. The amounts reported in this Schedule as expenditures may differ from certain financial reports submitted to funding agencies because those reports may be submitted on either a cash or modified accrual basis of accounting. Expenditures of federal, state, and county awards are reported on the statement of activities as operating expenses. In certain programs, the expenditures reported in the basic financial statements differ from the expenditures reported in the Schedule because other program expenditures and expenditures may exceed contract budget limitations, and are therefore not included as expenditures of federal, state, and county awards. The total dollars spent under the Organizations domestic violence budget, passed through from PCADV under contract #6029, during the current contract year ended June 30, 2022 was $495,872. No interest was earned on funds received from PCADV.
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate.
Laurel House raised and expended for the year ended June 30, 2022 more than the minimum match requirements for grants made by PCADV. The funds raised were from the local community and do not include in-kind contributions.