Title: NOTE 3 - NONCASH FEDERAL AWARDS
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of the Center for Abuse and Rape Emergencies of Charlotte County, Inc., (the "Center") for the year ended December 31, 2022 and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with accounting principles generally accepted in the United States of America as applicable to non-profit organizations and the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). The Center's reporting entity is defined in Note 1 to the basic financial statements for the fiscal year ended December 31, 2022. All federal award programs received directly from federal agencies, as well as federal award programs passed through other government agencies, are included in the schedule.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
During the year ended December 31, 2022, the Center did not receive any nonmonetary federal assistance.
Title: Note 4 - Major Federal Program Determination
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of the Center for Abuse and Rape Emergencies of Charlotte County, Inc., (the "Center") for the year ended December 31, 2022 and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with accounting principles generally accepted in the United States of America as applicable to non-profit organizations and the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). The Center's reporting entity is defined in Note 1 to the basic financial statements for the fiscal year ended December 31, 2022. All federal award programs received directly from federal agencies, as well as federal award programs passed through other government agencies, are included in the schedule.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
Major federal program determination has been completed in accordance with the Uniform Guidance.
Title: Note 5 - Subrecipients
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of the Center for Abuse and Rape Emergencies of Charlotte County, Inc., (the "Center") for the year ended December 31, 2022 and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with accounting principles generally accepted in the United States of America as applicable to non-profit organizations and the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). The Center's reporting entity is defined in Note 1 to the basic financial statements for the fiscal year ended December 31, 2022. All federal award programs received directly from federal agencies, as well as federal award programs passed through other government agencies, are included in the schedule.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
Of the federal awards presented in the Schedule, the Center provided no funding to subrecipients.
Title: Note 6 - Contingencies
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of the Center for Abuse and Rape Emergencies of Charlotte County, Inc., (the "Center") for the year ended December 31, 2022 and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with accounting principles generally accepted in the United States of America as applicable to non-profit organizations and the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). The Center's reporting entity is defined in Note 1 to the basic financial statements for the fiscal year ended December 31, 2022. All federal award programs received directly from federal agencies, as well as federal award programs passed through other government agencies, are included in the schedule.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
Grant monies received by the Center are for specific purposes and are subject to review by the grantor agencies. Such audits may result in requests for reimbursement due to disallowed expenditures. Based upon prior experience, the Center does not believe that such disallowances, if any, would have a material effect on the financial position of the Center. As of December 31, 2022, there were no material questioned or disallowed costs as a result of grant audits in process or completed of which management was aware. Any adjustments to grant funding are recorded in the year the adjustment occurs.