Notes to SEFA
Title: Reconciliation of Legal Services Corporation Grant Expenditures to Revenues
Accounting Policies: NOTE 1. Basis of Presentation: The accompanying schedule of expenditures of financial awards (the Schedule) includes the federal and state award activity of Bay Area Legal Services, Inc. (the Organization) under programs of the federal government and state of Florida for the year ended December 31, 2022. The information in this schedule is presented in accordance with the audit 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). Because the Schedule presents only a selected portion of the operations of the Organization, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the Organization. Pursuant to the Uniform Guidance, the Organization, as a sub-recipient of federal awards, has provided the name of the pass-through entity and the identifying description and number assigned by the pass-through entity when available from the pass-through entity. The Organization has provided the total federal awards expended for each individual federal program and the Assistance Listing Number (ALN) or other identifying information when the ALN information is not available. The Uniform Guidance does not require the Organization to provide this information, nor a breakdown of amounts awarded by ALN if that information is not available from the awarding agency. NOTE 2. Summary of Significant Accounting Policies: 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, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: Y
Rate Explanation: The Organization has elected to use the 10-percent de minimus indirect cost rate for certain grants as allowed under the Uniform Guidance.
Total LSC Grant Expenditures Per Schedule of Expenditures of Financial Awards $ 4,877,375 LSC Hurricane /Wildlife Relief credit issued in 2022 (2,470) Total LSC Revenues $ 4,874,905