Audit 9154

FY End
2023-06-30
Total Expended
$1.97M
Findings
0
Programs
8
Year: 2023 Accepted: 2024-01-02
Auditor: Bbd LLP

Organization Exclusion Status:

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Contacts

Name Title Type
SCG5X7AVKP63 Lori Sywensky Auditee
6107970530 Adam Watson Auditor
No contacts on file

Notes to SEFA

Title: (1) GENERAL INFORMATION Accounting Policies: (1) GENERAL INFORMATION The accompanying schedule of expenditures of federal awards presents the activities in all the federal awards programs of Turning Point of Lehigh Valley, Inc. All government financial assistance received directly from federal agencies, as well as financial assistance passed through other governmental agencies or not-for-profit organizations, are included on the schedule. (2) BASIS OF ACCOUNTING The schedule of expenditures of federal awards is presented using the accrual basis of accounting. The amounts reported in this schedule as expenditures may differ from certain financial reports submitted to funding sources on either a cash or modified accrual basis of accounting. (3) RELATIONSHIP TO BASIC FINANCIAL STATEMENTS Federal awards expenditures are reported on the statement of activities. In certain programs, the expenditures reported in the basic financial statements may differ from the expenditures reported in the schedule of expenditures of federal awards, because program expenditures exceeding grant or contract budget limitations are not reflected on the schedule of expenditures of federal awards. (4) INDIRECT COSTS Turning Point of Lehigh Valley, Inc. has not elected to use the 10-percent de minimus indirect cost rate allowed under the Uniform Guidance. De Minimis Rate Used: N Rate Explanation: Turning Point of Lehigh Valley, Inc. has not elected to use the 10-percent de minimus indirect cost rate allowed under the Uniform Guidance. The accompanying schedule of expenditures of federal awards presents the activities in all the federal awards programs of Turning Point of Lehigh Valley, Inc. All government financial assistance received directly from federal agencies, as well as financial assistance passed through other governmental agencies or not-for-profit organizations, are included on the schedule.
Title: (2) BASIS OF ACCOUNTING Accounting Policies: (1) GENERAL INFORMATION The accompanying schedule of expenditures of federal awards presents the activities in all the federal awards programs of Turning Point of Lehigh Valley, Inc. All government financial assistance received directly from federal agencies, as well as financial assistance passed through other governmental agencies or not-for-profit organizations, are included on the schedule. (2) BASIS OF ACCOUNTING The schedule of expenditures of federal awards is presented using the accrual basis of accounting. The amounts reported in this schedule as expenditures may differ from certain financial reports submitted to funding sources on either a cash or modified accrual basis of accounting. (3) RELATIONSHIP TO BASIC FINANCIAL STATEMENTS Federal awards expenditures are reported on the statement of activities. In certain programs, the expenditures reported in the basic financial statements may differ from the expenditures reported in the schedule of expenditures of federal awards, because program expenditures exceeding grant or contract budget limitations are not reflected on the schedule of expenditures of federal awards. (4) INDIRECT COSTS Turning Point of Lehigh Valley, Inc. has not elected to use the 10-percent de minimus indirect cost rate allowed under the Uniform Guidance. De Minimis Rate Used: N Rate Explanation: Turning Point of Lehigh Valley, Inc. has not elected to use the 10-percent de minimus indirect cost rate allowed under the Uniform Guidance. The schedule of expenditures of federal awards is presented using the accrual basis of accounting. The amounts reported in this schedule as expenditures may differ from certain financial reports submitted to funding sources on either a cash or modified accrual basis of accounting.
Title: (3) RELATIONSHIP TO BASIC FINANCIAL STATEMENTS Accounting Policies: (1) GENERAL INFORMATION The accompanying schedule of expenditures of federal awards presents the activities in all the federal awards programs of Turning Point of Lehigh Valley, Inc. All government financial assistance received directly from federal agencies, as well as financial assistance passed through other governmental agencies or not-for-profit organizations, are included on the schedule. (2) BASIS OF ACCOUNTING The schedule of expenditures of federal awards is presented using the accrual basis of accounting. The amounts reported in this schedule as expenditures may differ from certain financial reports submitted to funding sources on either a cash or modified accrual basis of accounting. (3) RELATIONSHIP TO BASIC FINANCIAL STATEMENTS Federal awards expenditures are reported on the statement of activities. In certain programs, the expenditures reported in the basic financial statements may differ from the expenditures reported in the schedule of expenditures of federal awards, because program expenditures exceeding grant or contract budget limitations are not reflected on the schedule of expenditures of federal awards. (4) INDIRECT COSTS Turning Point of Lehigh Valley, Inc. has not elected to use the 10-percent de minimus indirect cost rate allowed under the Uniform Guidance. De Minimis Rate Used: N Rate Explanation: Turning Point of Lehigh Valley, Inc. has not elected to use the 10-percent de minimus indirect cost rate allowed under the Uniform Guidance. Federal awards expenditures are reported on the statement of activities. In certain programs, the expenditures reported in the basic financial statements may differ from the expenditures reported in the schedule of expenditures of federal awards, because program expenditures exceeding grant or contract budget limitations are not reflected on the schedule of expenditures of federal awards.
Title: (4) INDIRECT COSTS Accounting Policies: (1) GENERAL INFORMATION The accompanying schedule of expenditures of federal awards presents the activities in all the federal awards programs of Turning Point of Lehigh Valley, Inc. All government financial assistance received directly from federal agencies, as well as financial assistance passed through other governmental agencies or not-for-profit organizations, are included on the schedule. (2) BASIS OF ACCOUNTING The schedule of expenditures of federal awards is presented using the accrual basis of accounting. The amounts reported in this schedule as expenditures may differ from certain financial reports submitted to funding sources on either a cash or modified accrual basis of accounting. (3) RELATIONSHIP TO BASIC FINANCIAL STATEMENTS Federal awards expenditures are reported on the statement of activities. In certain programs, the expenditures reported in the basic financial statements may differ from the expenditures reported in the schedule of expenditures of federal awards, because program expenditures exceeding grant or contract budget limitations are not reflected on the schedule of expenditures of federal awards. (4) INDIRECT COSTS Turning Point of Lehigh Valley, Inc. has not elected to use the 10-percent de minimus indirect cost rate allowed under the Uniform Guidance. De Minimis Rate Used: N Rate Explanation: Turning Point of Lehigh Valley, Inc. has not elected to use the 10-percent de minimus indirect cost rate allowed under the Uniform Guidance. Turning Point of Lehigh Valley, Inc. has not elected to use the 10-percent de minimus indirect cost rate allowed under the Uniform Guidance.