Title: Basis of Presentation
Accounting Policies: This schedule of expenditures of federal awards includes the federal grant activity of Virginia Legal Aid Society, Inc. (the “Society”) presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2 of the U.S. Code of Federal Regulations (“CFR”) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (the “Uniform Guidance”). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements. Because this schedule presents only a selected portion of the Society’s operations, it is not intended to, and does not, present the financial position, changes in net assets, or cash flows of the Society.
De Minimis Rate Used: Y
Rate Explanation: The Society has elected to utilize the 10% de-minimis indirect cost rate as allowed under the Uniform Guidance.
This schedule of expenditures of federal awards includes the federal grant activity of Virginia Legal Aid Society, Inc. (the “Society”) presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2 of the U.S. Code of Federal Regulations (“CFR”) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (the “Uniform Guidance”). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements. Because this schedule presents only a selected portion of the Society’s operations, it is not intended to, and does not, present the financial position, changes in net assets, or cash flows of the Society.
Title: Subrecipients
Accounting Policies: This schedule of expenditures of federal awards includes the federal grant activity of Virginia Legal Aid Society, Inc. (the “Society”) presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2 of the U.S. Code of Federal Regulations (“CFR”) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (the “Uniform Guidance”). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements. Because this schedule presents only a selected portion of the Society’s operations, it is not intended to, and does not, present the financial position, changes in net assets, or cash flows of the Society.
De Minimis Rate Used: Y
Rate Explanation: The Society has elected to utilize the 10% de-minimis indirect cost rate as allowed under the Uniform Guidance.
For the year ended June 30, 2023, there were no subrecipients of the Society’s federal awards expended.
Title: Derivative Income
Accounting Policies: This schedule of expenditures of federal awards includes the federal grant activity of Virginia Legal Aid Society, Inc. (the “Society”) presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2 of the U.S. Code of Federal Regulations (“CFR”) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (the “Uniform Guidance”). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements. Because this schedule presents only a selected portion of the Society’s operations, it is not intended to, and does not, present the financial position, changes in net assets, or cash flows of the Society.
De Minimis Rate Used: Y
Rate Explanation: The Society has elected to utilize the 10% de-minimis indirect cost rate as allowed under the Uniform Guidance.
The above federal expenditures include expenditures of litigation income derived from the Society’s Legal Services Corporation basic field grant award. During the year ended June 30, 2023, such expenditures amounted to $965.
Title: Indirect Cost Rate
Accounting Policies: This schedule of expenditures of federal awards includes the federal grant activity of Virginia Legal Aid Society, Inc. (the “Society”) presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2 of the U.S. Code of Federal Regulations (“CFR”) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (the “Uniform Guidance”). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements. Because this schedule presents only a selected portion of the Society’s operations, it is not intended to, and does not, present the financial position, changes in net assets, or cash flows of the Society.
De Minimis Rate Used: Y
Rate Explanation: The Society has elected to utilize the 10% de-minimis indirect cost rate as allowed under the Uniform Guidance.
The Society has elected to utilize the 10% de-minimis indirect cost rate as allowed under the Uniform Guidance.