Notes to SEFA
Title: Note 1 Basis of presentation
Accounting Policies: Note 2 Summary of significant accounting policiesa. The Schedule is prepared from the Projects accounting records and is not intended to presentits financial position or the results of its operations.b. The financial transactions are recorded by the Project in accordance with the terms andconditions of the grants, which are consistent with accounting principles generally accepted inthe United States of America.c. Expenditures are recognized in the accounting period in which the liability is incurred, ifmeasurable or when actually paid, whichever occurs first.d. Expenditures are reported on the Schedule on the accrual basis of accounting. Such expendituresare recognized following the cost principles contained in the Uniform Guidance, wherein certaintypes of expenditures are not allowable or are limited as to reimbursement.e. The Project has elected not use the 10-percent of the minimis indirect cost rate as allowed underthe Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the federalgrant activity of Hogar Aurora, Inc. under the programs of the federal government for the year endedSeptember 30, 2022. The information in the Schedule is presented in accordance with the requirementsof the Title 2 U.S. Code of Federal Regulations (CFR) Part 200, OMBs Uniform AdministrativeRequirements, Cost Principles and Audit Requirements for Federal Awards.Because the Schedule presents only a selected portion of the operations of Hogar Aurora, Inc., it is notintended to, and does not presents the financial position, changes in net assets or cash flows of HogarAurora, Inc.
Title: Note 3 Assistance Listing Number (ALN)
Accounting Policies: Note 2 Summary of significant accounting policiesa. The Schedule is prepared from the Projects accounting records and is not intended to presentits financial position or the results of its operations.b. The financial transactions are recorded by the Project in accordance with the terms andconditions of the grants, which are consistent with accounting principles generally accepted inthe United States of America.c. Expenditures are recognized in the accounting period in which the liability is incurred, ifmeasurable or when actually paid, whichever occurs first.d. Expenditures are reported on the Schedule on the accrual basis of accounting. Such expendituresare recognized following the cost principles contained in the Uniform Guidance, wherein certaintypes of expenditures are not allowable or are limited as to reimbursement.e. The Project has elected not use the 10-percent of the minimis indirect cost rate as allowed underthe Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The Assistance Listing Numbers included in the Schedule are determined based on the programname, review of grant contract information and OMBs Assistance Listing.
Title: Note 4 Major federal programs
Accounting Policies: Note 2 Summary of significant accounting policiesa. The Schedule is prepared from the Projects accounting records and is not intended to presentits financial position or the results of its operations.b. The financial transactions are recorded by the Project in accordance with the terms andconditions of the grants, which are consistent with accounting principles generally accepted inthe United States of America.c. Expenditures are recognized in the accounting period in which the liability is incurred, ifmeasurable or when actually paid, whichever occurs first.d. Expenditures are reported on the Schedule on the accrual basis of accounting. Such expendituresare recognized following the cost principles contained in the Uniform Guidance, wherein certaintypes of expenditures are not allowable or are limited as to reimbursement.e. The Project has elected not use the 10-percent of the minimis indirect cost rate as allowed underthe Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
Major programs are identified in the Summary of Auditors Result Section in the Schedule of Findingsand Questioned Cost. Federal programs are presented by federal agency.