Notes to SEFA
Accounting Policies: NOTE 1. GENERALThe accompanying schedule of expenditures of Federal Awards including all the federal activities of FOCUS Hispanic Centerfor Community Development (the Organization). All federal awards received directly from federal agencies, as well asfederal awards passed through other governmental agencies are included.NOTE 2. BASIS OF PRESENTATIONThe Schedules of expenditures of federal awards (the Schedule) include the federal award grant activity of the Organizationunder programs of the federal government for the years ended December 31, 2022. The information in this Schedule is presentedin accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform AdministrativeRequirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedulepresents only a selected portion of the operations of the organization, it is not intended to and does not present the financialposition, changes in net assets, or cash flows of the Organization.NOTE 3. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIESThe accompanying schedule of expenditures of federal awards are reported on the accrual basis of accounting. The informationin these schedules is presented in accordance with the requirements of the Uniform Guidance and OMB Circular A-122, CostPrinciples for Nonprofit Organizations, wherein certain types of expenditures are not allowable or are limited as toreimbursement. Pass-through entity identifying numbers have been presented where available
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.