Notes to SEFA
Title: Pass-through to Sub-recipients
Accounting Policies: Basis of PresentationThe accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes thefederal award activity of Inland Counties Regional Center, Inc. (IRC), under programs of thefederal government for the year ended June 30, 2021. The Schedule is presented in accordance withrequirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, CostPrinciples, and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedule presentsonly a selected portion of the operations of IRC, it is not intended to and does not present thefinancial position, changes in net assets, or cash flows of IRC.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate. Basis of AccountingExpenditures reported on the Schedule are reported on the accrual basis of accounting. Suchexpenditures are recognized following the cost principles contained in 2 CFR 200, Subpart E (CostPrinciples), wherein certain types of expenditures are not allowed or are limited as to reimbursement.IRC did not elect to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
IRC did not provide any federal awards to sub-recipients during the year ended June 30, 2022.
Title: Other Information
Accounting Policies: Basis of PresentationThe accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes thefederal award activity of Inland Counties Regional Center, Inc. (IRC), under programs of thefederal government for the year ended June 30, 2021. The Schedule is presented in accordance withrequirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, CostPrinciples, and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedule presentsonly a selected portion of the operations of IRC, it is not intended to and does not present thefinancial position, changes in net assets, or cash flows of IRC.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate. Basis of AccountingExpenditures reported on the Schedule are reported on the accrual basis of accounting. Suchexpenditures are recognized following the cost principles contained in 2 CFR 200, Subpart E (CostPrinciples), wherein certain types of expenditures are not allowed or are limited as to reimbursement.IRC did not elect to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
IRC did not receive federal insurance, loans, or non-cash assistance during the year ended June 30, 2022.