Title: NOTE 2 - RECONCILIATION OF REVENUE REPORTED IN THE FINANCIAL STATEMENTS
Accounting Policies: The accompanying schedule of expenditures of federal awards (Schedule) includes the federal grantactivity of Underground Railroad, Inc. under programs of the federal government for the year endedSeptember 30, 2022. The information in this Schedule is presented in accordance with therequirements of the Title 2 U.S. Code of Federal Regulations (CFR) Part 200, UniformAdministrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (UniformGuidance). Because the schedule presents only a selected portion of the operations of UndergroundRailroad, Inc., it is not intended to and does not present the financial position or changes in netposition of Underground Railroad, Inc..Expenditures reported on the Schedule are reported on the accrual basis of accounting. Suchexpenditures are recognized following the cost principles contained in the Uniform Guidance,wherein certain types of expenditures are not allowable or are limited as to reimbursement. Negativeamounts (if any) shown on the Schedule represent adjustments or credit made in the normal course ofbusiness to amounts reported as expenditures.The Underground Railroad, Inc. has elected to use the 10 percent de minimus indirect cost rate torecover costs as allowed under the Uniform Guidance.
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate.
Total federal expenditures per Schedule of Expenditures ofFederal Awards $ 2,557,671Add:State funded portion of Family Violance Prevention andServices 21,513State funded portion of Temporary Assistance for NeedyFamilies 17,500State funded portion of Sexual Assault ComprehensiveServices 40,465State funded portion of Temporary Assistance for NeedyFamilies - Comprehensive 16,350Revenues per financial statements - federal and state grantsand contracts $ 2,653,499
Title: NOTE 3 - ENTITY ABBREVIATION OF PASS - THROUGH AGENCIES
Accounting Policies: The accompanying schedule of expenditures of federal awards (Schedule) includes the federal grantactivity of Underground Railroad, Inc. under programs of the federal government for the year endedSeptember 30, 2022. The information in this Schedule is presented in accordance with therequirements of the Title 2 U.S. Code of Federal Regulations (CFR) Part 200, UniformAdministrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (UniformGuidance). Because the schedule presents only a selected portion of the operations of UndergroundRailroad, Inc., it is not intended to and does not present the financial position or changes in netposition of Underground Railroad, Inc..Expenditures reported on the Schedule are reported on the accrual basis of accounting. Suchexpenditures are recognized following the cost principles contained in the Uniform Guidance,wherein certain types of expenditures are not allowable or are limited as to reimbursement. Negativeamounts (if any) shown on the Schedule represent adjustments or credit made in the normal course ofbusiness to amounts reported as expenditures.The Underground Railroad, Inc. has elected to use the 10 percent de minimus indirect cost rate torecover costs as allowed under the Uniform Guidance.
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate.
The Organization received certain federal grants as subawards from non-federal entities. Passthroughentities, where applicable, have been identified in the Schedule to the FederalExpenditures with an abbreviation, defined as follows:Entity Abbreviation Pass-through AgenciesCOS City of SaginawMDE Michigan Department of EducationMDHHS Michigan Department of Health and Human ServicesSC Saginaw CountyUWA United Way of America
Title: NOTE 4 - (UNAUDITED) DONATED PERSONAL PROTECTIVE EQUIPMENT
Accounting Policies: The accompanying schedule of expenditures of federal awards (Schedule) includes the federal grantactivity of Underground Railroad, Inc. under programs of the federal government for the year endedSeptember 30, 2022. The information in this Schedule is presented in accordance with therequirements of the Title 2 U.S. Code of Federal Regulations (CFR) Part 200, UniformAdministrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (UniformGuidance). Because the schedule presents only a selected portion of the operations of UndergroundRailroad, Inc., it is not intended to and does not present the financial position or changes in netposition of Underground Railroad, Inc..Expenditures reported on the Schedule are reported on the accrual basis of accounting. Suchexpenditures are recognized following the cost principles contained in the Uniform Guidance,wherein certain types of expenditures are not allowable or are limited as to reimbursement. Negativeamounts (if any) shown on the Schedule represent adjustments or credit made in the normal course ofbusiness to amounts reported as expenditures.The Underground Railroad, Inc. has elected to use the 10 percent de minimus indirect cost rate torecover costs as allowed under the Uniform Guidance.
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate.
For the year ended September 30, 2022, the Organization did not receive donated personalprotective equipment.