Notes to SEFA
Title: Pass-Through Awards
Accounting Policies: Expenditures reported in the Schedule are reported on the modified cash basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, Cost Principles for Non-Profit Organizations, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The Organization receives federal financial assistance from the U.S. Department of Housing and Urban Development under the Community Development Block Grants and Emergency Solutions Grants Program which is a pass-through award from the Pasco County, Florida. The Organization also receives federal financial assistance from the U.S. Department of Transportation under the Enhanced Mobility of Seniors and Individuals with Disabilities as a pass-through award from the Florida Department of Transportation, Florida. Federal financial assistance from the U.S Department of Treasury are also received under the Emergency Rental Assistance as a pass-through from Pasco County, Florida. The amounts of direct awards and pass-through awards are included on the schedule of expenditures of federal awards.
Title: Contingencies
Accounting Policies: Expenditures reported in the Schedule are reported on the modified cash basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, Cost Principles for Non-Profit Organizations, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The federal programs shown in the schedule of expenditures of federal awards are subject to financial and compliance audits by grantor agencies, which, if instances of material noncompliance are found, may result in disallowable expenditures, and affect the Organization's continued participation in specific programs. The amount, if any, of expenditures, which may be disallowed by the grantor agencies, cannot be determined at this time, although the Organization expects such amounts, if any, to be immaterial.