Notes to SEFA
Title: Contingencies
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Negative amounts shown on the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years. The Healthy Start Coalition of Hillsborough County has elected to the use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate
These federal programs are subject to financial and compliance audits by grantor agencies,
which, if instances of material noncompliance are found, may result in disallowed expenditures,
and affect the Coalition's continued participation in specific programs. The amount of
expenditures which may be disallowed by the grantor agencies cannot be determined at this
time, although the Coalition expects such amounts, if any, to be immaterial.
Title: State matching funds for federal programs
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Negative amounts shown on the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years. The Healthy Start Coalition of Hillsborough County has elected to the use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate
See the Notes to the SEFA for chart/table