Notes to SEFA
Title: Note 1: Basis of Presentation
Accounting Policies: The schedule of expenditures of federal awards and state financial assistance represents amounts
expended from federal award programs and state projects during the fiscal year as determined on
the modified accrual basis of accounting. The information in the 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 Florida Department of Financial Services’ State Projects Compliance Supplement.
The amounts reported on the Schedule have been reconciled to and are in material agreement with
amounts recorded in the Organization’s accounting records from which the basic financial
statements have been reported. Federal and state funds that are not subject to Uniform Guidance
or Florida Single Audit are not included on this schedule.
De Minimis Rate Used: Y
Rate Explanation: The Organization has elected to use the 10 percent de minimis cost rate allowed under the Uniform
Guidance for the year ended June 30, 2023.
The schedule of expenditures of federal awards and state financial assistance represents amounts expended from federal award programs and state projects during the fiscal year as determined on the modified accrual basis of accounting. The information in the 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 Florida Department of Financial Services’ State Projects Compliance Supplement. The amounts reported on the Schedule have been reconciled to and are in material agreement with amounts recorded in the Organization’s accounting records from which the basic financial statements have been reported. Federal and state funds that are not subject to Uniform Guidance or Florida Single Audit are not included on this schedule. The Organization has elected to use the 10 percent de minimis cost rate allowed under the Uniform Guidance for the year ended June 30, 2023. The Organizations’ federal awards do not have any loans or loan guarantees.