Notes to SEFA
Title: Note A-General
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 Uniform Guidance, Cost
principles for Non-Profit Organizations, wherein certain types of expenditures are not allowable or
are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: Mental Health America of Southeast Florida, Inc.’s indirect cost is significantly less than ten percent. The Organization did not elect to use the 10 percent de-minimis indirect cost rate.
The accompanying Schedule of Expenditures of Federal Awards (the "Schedule") presents the activity of all the programs of Mental Health America of Southeast Florida, Inc. (the "Organization") over which the Organization exercised direct operating control for the year ended June 30, 2023. All federal awards received during the year ended June 30, 2023, from federal agencies are included in this Schedule.
Title: Note B – Basis of Presentation
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 Uniform Guidance, Cost
principles for Non-Profit Organizations, wherein certain types of expenditures are not allowable or
are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: Mental Health America of Southeast Florida, Inc.’s indirect cost is significantly less than ten percent. The Organization did not elect to use the 10 percent de-minimis indirect cost rate.
The accompanying Schedule is presented using the accrual basis of accounting. The information in the Schedule is presented in accordance with requirements of Title 2 U.S. Code of Federal Regulations (CFR) 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.