Notes to SEFA
Title: BASIS OF PRESENTATION
Accounting Policies: EXPENDITURES REPORTED ON THE SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS (THE SCHEDULE) ARE REPORTED ON THE ACCRUAL BASIS OF ACCOUNTING. 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 (UNIFORM GUIDANCE), WHEREIN CERTAIN TYPES OF EXPENDITURES ARE NOT ALLOWABLE OR ARE LIMITED AS TO REIMBURSEMENT.
De Minimis Rate Used: N
Rate Explanation: LEGAL SERVICES VERMONT, INC. HAS ELECTED NOT TO USE THE 10% DE MINIMIS INDIRECT COST RATE AS ALLOWED UNDER THE UNIFORM GUIDANCE.
THE SCHEDULE INCLUDES THE FEDERAL AWARD ACTIVITY OF LEGAL SERVICES VERMONT, INC. UNDER PROGRAMS OF THE FEDERAL GOVERNMENT FOR THE YEAR ENDED DECEMBER 31, 2022 ON THE ACCRUAL BASIS. THE INFORMATION IN THIS SCHEDULE IS PRESENTED IN ACCORDANCE WITH THE REQUIREMENTS OF THE UNIFORM GUIDANCE. BECAUSE THE SCHEDULE PRESENTS ONLY A SELECTED PORTION OF THE OPERATIONS OF LEGAL SERVICES VERMONT, INC., IT IS NOT INTENDED TO AND DOES NOT PRESENT THE FINANCIAL POSITION, CHANGES IN NET ASSETS OR CASH FLOWS OF LEGAL SERVICES VERMONT, INC.
Title: SINGLE AUDIT
Accounting Policies: EXPENDITURES REPORTED ON THE SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS (THE SCHEDULE) ARE REPORTED ON THE ACCRUAL BASIS OF ACCOUNTING. 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 (UNIFORM GUIDANCE), WHEREIN CERTAIN TYPES OF EXPENDITURES ARE NOT ALLOWABLE OR ARE LIMITED AS TO REIMBURSEMENT.
De Minimis Rate Used: N
Rate Explanation: LEGAL SERVICES VERMONT, INC. HAS ELECTED NOT TO USE THE 10% DE MINIMIS INDIRECT COST RATE AS ALLOWED UNDER THE UNIFORM GUIDANCE.
LEGAL SERVICES CORPORATION (LSC) REQUIRES ALL OF ITS GRANTEES TO UNDERGO A SINGLE AUDIT, EVEN IF THE EXPENDITURES OF FEDERAL AWARDS TOTAL LESS THAN THE THRESHOLD ESTABLISHED BY THE UNIFORM GUIDANCE. THE LSC FEDERAL AWARDS ARE NOT INCLUDED IN THE FEDERAL ASSISTANCE LISTINGS (FAL). THE FEDERAL ASSISTANCE LISTINGS NUMBER LISTED ABOVE HAS BEEN ASSIGNED BY LEGAL SERVICES CORPORATION. THE TOTALS ON THE SEFA ARE REQUIRED FOR EACH FEDERAL PROGRAM AND FEDERAL ASSISTANCE LISTING, FORMERLY THE CATALOG OF FEDERAL DOMESTIC ASSISTANCE (CFDA). IF THE FAL NUMBER IS NOT AVAILABLE, ORGANIZATIONS MAY USE ANOTHER IDENTIFYING NUMBER.