Notes to SEFA
Title: Relationship to Federal/State/Local Financial Reports
Accounting Policies: (a)Reporting EntityThe Schedule of Expenditures of Federal/State/Local Awards (the Schedule) includes the activity of all federal and state programs administered by Nexus Recovery Center, Inc. (Nexus). Nexus organization is defined in Note 1 of Nexus basic financial statements.(b) Basis of PresentationThe Schedule presents total federal, state and local awards expended for each individual program in accordance with the Uniform Guidance and the State of Texas Single Audit Circular.(c)Basis of AccountingThe expenditures for each of the federal, state and local financial assistance programs are presented on the accrual basis of accounting, which is defined in Note 2 of Nexus basic financial statements.
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate.
The amounts reported in the financial reports agree with the amounts reported in the accompanying Schedule which is prepared on the basis explained in Note 2 of Nexus financial statements.
Title: Insurance Coverage
Accounting Policies: (a)Reporting EntityThe Schedule of Expenditures of Federal/State/Local Awards (the Schedule) includes the activity of all federal and state programs administered by Nexus Recovery Center, Inc. (Nexus). Nexus organization is defined in Note 1 of Nexus basic financial statements.(b) Basis of PresentationThe Schedule presents total federal, state and local awards expended for each individual program in accordance with the Uniform Guidance and the State of Texas Single Audit Circular.(c)Basis of AccountingThe expenditures for each of the federal, state and local financial assistance programs are presented on the accrual basis of accounting, which is defined in Note 2 of Nexus basic financial statements.
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate.
Nexus carried insurance coverage during the grant period as explained in Note 10 of Nexus financial statements.
Title: Subrecipients
Accounting Policies: (a)Reporting EntityThe Schedule of Expenditures of Federal/State/Local Awards (the Schedule) includes the activity of all federal and state programs administered by Nexus Recovery Center, Inc. (Nexus). Nexus organization is defined in Note 1 of Nexus basic financial statements.(b) Basis of PresentationThe Schedule presents total federal, state and local awards expended for each individual program in accordance with the Uniform Guidance and the State of Texas Single Audit Circular.(c)Basis of AccountingThe expenditures for each of the federal, state and local financial assistance programs are presented on the accrual basis of accounting, which is defined in Note 2 of Nexus basic financial statements.
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate.
Nexus made no payments to subrecipients during the year.