Title: Note B - Summary of Significant Accounting Policies
Accounting Policies: Note A - Basis of Presentation The accompanying Schedule of Expenditures of Federal Awards and State Financial Assistance (the Schedule) includes the federal and state award activity of Heartland for Children, Inc. under programs of the federal government and State of Florida for the year ended June 30, 2022. The information in this Schedule 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) and Chapter 10.650 Rules of the Auditor General. Because the Schedule presents only a selected portion of the operations of Heartland for Children, Inc., it is not intended to and does not present the financial position, changes in net assets, or cash flows of Heartland for Children, Inc.
De Minimis Rate Used: N
Rate Explanation: Heartland for Children, Inc. has elected not to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance.
Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance and Chapter 10.650 Rules of the Auditor General, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Negative amounts shown on the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years. Heartland for Children, Inc. has elected not to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance.
Title: Note C - State Matching Funds for Federal Programs
Accounting Policies: Note A - Basis of Presentation The accompanying Schedule of Expenditures of Federal Awards and State Financial Assistance (the Schedule) includes the federal and state award activity of Heartland for Children, Inc. under programs of the federal government and State of Florida for the year ended June 30, 2022. The information in this Schedule 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) and Chapter 10.650 Rules of the Auditor General. Because the Schedule presents only a selected portion of the operations of Heartland for Children, Inc., it is not intended to and does not present the financial position, changes in net assets, or cash flows of Heartland for Children, Inc.
De Minimis Rate Used: N
Rate Explanation: Heartland for Children, Inc. has elected not to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance.
State funds awarded to HFC as matching funds for federal programs consisted of the following: Federal Program Title CFDA #Pass-ThroughEntity Identifying Number ExpendituresTo Be Tested Pursuant to OCA Activity 90.XXX TJ501 $ 9,638,032 Guardianship Assistance 93.090 TJ501 109,060 Promoting Safe and Stable Families 93.556 TJ501 23,953 Temporary Assistance for Needy Families 93.558 TJ501 2,312,615 Child Welfare Services - State Grants 93.645 TJ501 383,311 Foster Care - Title IV-E 93.658 TJ501 6,758,092 Adoption Assistance 93.659 TJ501 3,725,969 Chafee Foster Care for SuccessfulTransition to Adulthood 93.674 TJ501 76,642 Medical Assistance Program 93.778 TJ501 60,760 Total state funds awarded for matching on contract TJ501 $ 23,088,434
Title: Note D
Accounting Policies: Note A - Basis of Presentation The accompanying Schedule of Expenditures of Federal Awards and State Financial Assistance (the Schedule) includes the federal and state award activity of Heartland for Children, Inc. under programs of the federal government and State of Florida for the year ended June 30, 2022. The information in this Schedule 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) and Chapter 10.650 Rules of the Auditor General. Because the Schedule presents only a selected portion of the operations of Heartland for Children, Inc., it is not intended to and does not present the financial position, changes in net assets, or cash flows of Heartland for Children, Inc.
De Minimis Rate Used: N
Rate Explanation: Heartland for Children, Inc. has elected not to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance.
Note D - Reconciliation of Federal Awards and State Financial Assistance to the Financial Statements Following is a reconciliation of the Schedule of Expenditures of Federal Awards and State Financial Assistance to the total funding reported to HFC by the Department of Children and Families in the Fiscal Year 2021-22 Post Award Notice of Federal Awards and State Financial Assistance:Total federal awards and state financial assistance per the Florida Department of Children and Families Post AwardNotice for contract TJ501 $51,056,403 Add: Expenditures of state awards received in prior fiscal years and expended in fiscal year 2022 562,808 Expenditures of federal and state financial assistance received from other contracts 659,575 Less: Unexpended federal funds during fiscal year 2022963,667 Amounts included in PAN not expended or received during fiscal year 2022 31,746 State financial assistance received in fiscal year 2022 and revenue recognition deferred until future periods 299,082 Total governmental grant revenues per the financial statements $50,984,291