Notes to SEFA
Accounting Policies: Note 1 Basis of PresentationThe accompanying schedule of expenditures of federal awards includes the federal grant activity ofCentro de la Familia de Utah (the Organization), and is presented on the accrual basis of accounting.The information in this schedule is presented in accordance with the requirements of the UniformGuidance. The Organization received federal awards both directly from federal agencies andindirectly through pass-through entities. The Organization receives the bulk of its federal awardprograms directly from the federal awarding agency. Federal financial assistance provided to asubrecipient is treated as an expenditure when it is paid to the subrecipient.Note 2 Significant Accounting PoliciesExpenditures reported on the schedule of expenditures of federal awards are reported on the accrualbasis of accounting. Such expenditures are recognized following the cost principles contained inSubpart E Cost Principles of the Uniform Guidance, wherein certain types of expenditures are notallowable or are limited as to reimbursement. Centro de la Familia de Utahs summary of significantaccounting policies is presented in Note 1 in Centro de la Familia de Utahs basic financialstatements.Note 3 Cost RatesThe Organization has not elected to use the 10% de minimis cost rate.Note 4 Pass-Through to Sub-RecipientsThe Organization did not pass through federal funding to any sub-recipients during the year endedJune 30, 2022.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.