Notes to SEFA
Title: CONTINGENCIES
Accounting Policies: The accompanying Schedule of Expenditures of Federal and State Awards include the federal and state grant activity of Aliviane, Inc. (a nonprofit 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) and the State of Texas Single Audit Circular. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The entity had in effect for the fiscal year ended August 31, 2022, the following insurance coverage:Commercial General Liability$3,000,000Automobile $1,000,000Umbrella$1,000,000Directors and Officers$1,000,000