Notes to SEFA
Title: Basis of Presentation
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (Schedule or SEFA) includes the federal grant activity of the Organization and is presented on the accrual basis of accounting. The information in this Schedule is presented in accordance with the 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).
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate. The Organization has not elected to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
Federal awards are received on a reimbursement basis.The following is a reconciliation of the federal expenditures shown in the statement of activities and changes in net assets under the net assets released from restrictions caption and the total expenditures in the Schedule of Expenditures of Federal Awards for the year ended June 30, 2022. Federal Expenditures per Function:Total salaries, payroll taxes and fringe benefits $ 1,021,878Operating and administrative expenses 852,382Indirect costs 156,587Total federal expenditures for the year ended 2,030,847Total other program services expenditures 2,609,180Total program services expenditures $ 4,640,027
Title: Matching Costs
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (Schedule or SEFA) includes the federal grant activity of the Organization and is presented on the accrual basis of accounting. The information in this Schedule is presented in accordance with the 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).
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate. The Organization has not elected to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
Matching costs, such as the nonfederal share of certain program costs, are not included in the accompanying Schedule.
Title: Cluster
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (Schedule or SEFA) includes the federal grant activity of the Organization and is presented on the accrual basis of accounting. The information in this Schedule is presented in accordance with the 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).
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate. The Organization has not elected to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
Uniform Guidance defines a cluster of programs as a grouping of closely related programs that have similar compliance requirements. The Schedule includes the following cluster: Cluster Federal Program CFDA ProgramTRIO Cluster Talent Search 84.044Upward Bound 84.047