Notes to SEFA
Title: Reconciliation of Expenditures of Federal Awards to Financial Statements
Accounting Policies: GeneralThe accompanying schedule of expenditures of federal awards (SEFA) presents the activity of all federal award programs of Aiding Women from Abuse and Rape Emergencies, Inc. (AWARE). The information in the SEFA is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Federal financial assistance received directly from federal agencies as well as federal financial assistance passed through other entities is included on the SEFA. AWAREs reporting entity is defined in Note 1 to the Organizations financial statements.Basis of AccountingThe accompanying SEFA is presented using the accrual basis of accounting, which is described in Note 1 to AWAREs financial statements. Such expenditures are recognized following the cost principles contained in Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, wherein certain types of expenditures are not allowable or are limited as to reimbursement. AWARE has elected not to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The following is a reconciliation of grant revenue reported in AWAREs financial statements to expenditures reported in the SEFA:Grant revenue as reported in the financial statements $ 2,597,825Less: State grant revenue (1,287,173)Less: Other local grants (92,916)Federal expenditures as reported in the SEFA $ 1,217,736