Title: BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Accounting Policies: The accompanying schedule of expenditures of federal awards and state financial assistance (the Schedule) includes the federal and state award activity of Suncoast Center, Inc. and Subsidiary under programs of the federal government and the State of Florida for the year ended June 30, 2023. 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 Florida Chapter 10.650, Rules of the Auditor General. Because the schedule presents only a selected portion of the operations of Suncoast Center, Inc. and Subsidiary, it is not intended to and does not present the financial position, changes in net assets or cash flow of Suncoast Center, Inc. and Subsidiary.
Some amounts presented in the schedule may differ from amounts presented or used in the preparation of the consolidated financial statements.
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 and cost principles established by the State of Florida Department of Financial Services, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
The Organization did not pass through any federal award amounts to subrecipients during the year ended June 30, 2023.
De Minimis Rate Used: Y
Rate Explanation: The Organization elected to use the 10% de minimis indirect cost rate allowed by the Uniform
Guidance for federal awards.
The accompanying schedule of expenditures of federal awards and state financial assistance (the Schedule) includes the federal and state award activity of Suncoast Center, Inc. and Subsidiary under programs of the federal government and the State of Florida for the year ended June 30, 2023. 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 Florida Chapter 10.650, Rules of the Auditor General. Because the schedule presents only a selected portion of the operations of Suncoast Center, Inc. and Subsidiary, it is not intended to and does not present the financial position, changes in net assets or cash flow of Suncoast Center, Inc. and Subsidiary.
Some amounts presented in the schedule may differ from amounts presented or used in the preparation of the consolidated financial statements.
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 and cost principles established by the State of Florida Department of Financial Services, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
The Organization did not pass through any federal award amounts to subrecipients during the year ended June 30, 2023.
Title: Indirect costs
Accounting Policies: The accompanying schedule of expenditures of federal awards and state financial assistance (the Schedule) includes the federal and state award activity of Suncoast Center, Inc. and Subsidiary under programs of the federal government and the State of Florida for the year ended June 30, 2023. 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 Florida Chapter 10.650, Rules of the Auditor General. Because the schedule presents only a selected portion of the operations of Suncoast Center, Inc. and Subsidiary, it is not intended to and does not present the financial position, changes in net assets or cash flow of Suncoast Center, Inc. and Subsidiary.
Some amounts presented in the schedule may differ from amounts presented or used in the preparation of the consolidated financial statements.
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 and cost principles established by the State of Florida Department of Financial Services, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
The Organization did not pass through any federal award amounts to subrecipients during the year ended June 30, 2023.
De Minimis Rate Used: Y
Rate Explanation: The Organization elected to use the 10% de minimis indirect cost rate allowed by the Uniform
Guidance for federal awards.
The Organization elected to use the 10% de minimis indirect cost rate allowed by the Uniform Guidance for federal awards.
Title: SUPPORT REQUIRING MATCHING FUNDS
Accounting Policies: The accompanying schedule of expenditures of federal awards and state financial assistance (the Schedule) includes the federal and state award activity of Suncoast Center, Inc. and Subsidiary under programs of the federal government and the State of Florida for the year ended June 30, 2023. 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 Florida Chapter 10.650, Rules of the Auditor General. Because the schedule presents only a selected portion of the operations of Suncoast Center, Inc. and Subsidiary, it is not intended to and does not present the financial position, changes in net assets or cash flow of Suncoast Center, Inc. and Subsidiary.
Some amounts presented in the schedule may differ from amounts presented or used in the preparation of the consolidated financial statements.
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 and cost principles established by the State of Florida Department of Financial Services, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
The Organization did not pass through any federal award amounts to subrecipients during the year ended June 30, 2023.
De Minimis Rate Used: Y
Rate Explanation: The Organization elected to use the 10% de minimis indirect cost rate allowed by the Uniform
Guidance for federal awards.
From time to time, Suncoast, Inc. and Subsidiary receive funding from various sources that require the Organization to obtain matching funds. During the year ended June 30, 2023, Suncoast Center, Inc. and Subsidiary obtained matching funds of the required amount.