Notes to SEFA
Accounting Policies: Note 1 Basis of PresentationThe accompanying schedule of expenditures of federal awards (the Schedule) includes the federal grantactivity of Another Choice, Another Chance (the Organization) for the year ended June 30, 2022. Theinformation in the Schedule is presented in accordance with the requirements of Title 2 U.S. Code of FederalRegulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements forFederal Awards (Uniform Guidance). Therefore, some amounts presented in the Schedule may differ fromamounts presented in, or used in, the preparation of the financial statements. Because the Schedulepresents only a selected portion of the operations of the Organization, it is not intended to, anddoes not, present the financial position, changes in net assets, or cash flows of the Organization.Note 2 Summary of Significant Accounting PoliciesExpenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures arerecognized following the cost principles contained in the Uniform Guidance, wherein certain types ofexpenditures are not allowed or are limited as to reimbursement. Pass-through entity identifying numbers arepresented where available.Note 3 Indirect Cost RateThe Organization has elected not to use the 10 percent de minimis indirect cost rate as allowed under UniformGuidance.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.