Notes to SEFA
Title: Note 3: Subrecipients
Accounting Policies: The accompanying schedule of expenditures of federal and state awards (Schedule) includes the federal and state grant activity of Big Brothers Big Sisters Lone Star (Organization) and is presented on the accrual basis of accounting. 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 the State of Texas Uniform Grant Management Standards (UGMS).Because the Schedule presents only a selected portion of the operations of Agency, it is not intended to and does not present the financial position, changes in net assets or cash flows of the Organization.
De Minimis Rate Used: N
Rate Explanation: 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 or the UGMS, wherein certain types of expenditures are not allowable or are limited as to reimbursement. The Agency has not elected to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance. The Organization has not elected to use the 10 percent de minimis indirect cost rate as allowed under the State of Texas UGMS and continues to use the allowable indirect costs for each award as determined by the awarding agency.
Of the federal and state expenditures presented in the Schedule, the Organization provided awards to subrecipients totaling $1,009,787 under the Amachi Texas Program, $157,691 under the Coronavirus State and Local Fiscal Recovery Funds, and $176,036 from Statewide Youth Services Network.
Title: Note4: Insurance Coverage
Accounting Policies: The accompanying schedule of expenditures of federal and state awards (Schedule) includes the federal and state grant activity of Big Brothers Big Sisters Lone Star (Organization) and is presented on the accrual basis of accounting. 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 the State of Texas Uniform Grant Management Standards (UGMS).Because the Schedule presents only a selected portion of the operations of Agency, it is not intended to and does not present the financial position, changes in net assets or cash flows of the Organization.
De Minimis Rate Used: N
Rate Explanation: 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 or the UGMS, wherein certain types of expenditures are not allowable or are limited as to reimbursement. The Agency has not elected to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance. The Organization has not elected to use the 10 percent de minimis indirect cost rate as allowed under the State of Texas UGMS and continues to use the allowable indirect costs for each award as determined by the awarding agency.
The Organization maintains a commercial general liability insurance policy which is currently effective through October 1, 2023. The policy is issued by a commercial insurance carrier and provides coverage up to $1,000,000 per occurrence ($3,000,000 in the aggregate).