Notes to SEFA
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of Encino Gardens, Inc. (the 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. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in, the preparation of the basic financial statements. The Organization elected not to use the 10% de minimis indirect cost rate. Sub-Recipients. There were no sub-recipients of the Federal Awards received by Encino Gardens, Inc. for the year ended March 31, 2023.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.