Title: Note A - Purpose of the Schedule:
Accounting Policies: Reporting Entity
The reporting entity is fully described in Note 1 to Center for Human Development, Inc.'s statements. The SEFA includes all federal programs administered by the District for the year ended June 30, 2023.
Basis of Presentation
The accompanying Schedule includes the federal award activity of the District under programs of the federal government for the year ended June 30, 2023. The information in the 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). Because the Schedule presents only a selected portion of the operations of the District, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the District.
Federal Financial Assistance
Pursuant to the Single Audit Act and the Uniform Guidance, federal financial assistance is defined as assistance provided by a federal agency, either directly or indirectly, in the form of grants, contracts, cooperative agreements, loans, loan guarantees, property, interest subsidies, insurance or direct appropriations. Accordingly, nonmonetary federal assistance, including federal surplus property, is included in federal financial assistance and, therefore, is reported on the Schedule, if applicable. Federal financial assistance does not include direct federal cash assistance to individuals. Solicited contracts between an entity and the federal government for which the federal government procures tangible goods or services are not considered to be federal financial assistance.
Compliance Program Tested
We have audited Center for Human Development Inc.'s compliance with the types of compliance requirements described in the OMB Compliance Supplement that could have a direct and material effect on its Economic Adjustment Assistance program for the year ended June 30, 2023.
Basis of Accounting
The receipt and expenditure of federal awards are accounted for under the same basis of accounting as the fund in which they are recorded. Federal awards recorded in proprietary funds are reported using the accrual basis of accounting. Revenues are recorded when earned and expenses are recorded at the time liabilities are incurred. Federal awards recorded in governmental funds are reported using the modified accrual basis of accounting. Revenues are recognized when measurable and available. Expenditures are recorded when the related liability is incurred.
Expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
Insurance Coverage
For fiscal year ended June 30, 2023, the District had insurance coverage in effect comparable to other entities of similar size and circumstance.
De Minimis Rate Used: N
Rate Explanation: The District has not elected to use the 10% de minimis indirect cost rate.
The accompanying Schedule of Expenditures of Federal Awards (SEFA) is a supplementary schedule to Center for Human Development Inc.'s financial statements and is presented for purposes of additional analysis. Because the SEFA presents only a selected portion of the activities of Center for Human Development, Inc., it is not intended to and does not present either the financial position, results of operations, or changes in fund balances/equity of the District.
Title: Note B - Significant Accounting Policies:
Accounting Policies: Reporting Entity
The reporting entity is fully described in Note 1 to Center for Human Development, Inc.'s statements. The SEFA includes all federal programs administered by the District for the year ended June 30, 2023.
Basis of Presentation
The accompanying Schedule includes the federal award activity of the District under programs of the federal government for the year ended June 30, 2023. The information in the 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). Because the Schedule presents only a selected portion of the operations of the District, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the District.
Federal Financial Assistance
Pursuant to the Single Audit Act and the Uniform Guidance, federal financial assistance is defined as assistance provided by a federal agency, either directly or indirectly, in the form of grants, contracts, cooperative agreements, loans, loan guarantees, property, interest subsidies, insurance or direct appropriations. Accordingly, nonmonetary federal assistance, including federal surplus property, is included in federal financial assistance and, therefore, is reported on the Schedule, if applicable. Federal financial assistance does not include direct federal cash assistance to individuals. Solicited contracts between an entity and the federal government for which the federal government procures tangible goods or services are not considered to be federal financial assistance.
Compliance Program Tested
We have audited Center for Human Development Inc.'s compliance with the types of compliance requirements described in the OMB Compliance Supplement that could have a direct and material effect on its Economic Adjustment Assistance program for the year ended June 30, 2023.
Basis of Accounting
The receipt and expenditure of federal awards are accounted for under the same basis of accounting as the fund in which they are recorded. Federal awards recorded in proprietary funds are reported using the accrual basis of accounting. Revenues are recorded when earned and expenses are recorded at the time liabilities are incurred. Federal awards recorded in governmental funds are reported using the modified accrual basis of accounting. Revenues are recognized when measurable and available. Expenditures are recorded when the related liability is incurred.
Expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
Insurance Coverage
For fiscal year ended June 30, 2023, the District had insurance coverage in effect comparable to other entities of similar size and circumstance.
De Minimis Rate Used: N
Rate Explanation: The District has not elected to use the 10% de minimis indirect cost rate.
Reporting Entity
The reporting entity is fully described in Note 1 to Center for Human Development, Inc.'s statements. The SEFA includes all federal programs administered by the District for the year ended June 30, 2023.
Basis of Presentation
The accompanying Schedule includes the federal award activity of the District under programs of the federal government for the year ended June 30, 2023. The information in the 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). Because the Schedule presents only a selected portion of the operations of the District, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the District.
Federal Financial Assistance
Pursuant to the Single Audit Act and the Uniform Guidance, federal financial assistance is defined as assistance provided by a federal agency, either directly or indirectly, in the form of grants, contracts, cooperative agreements, loans, loan guarantees, property, interest subsidies, insurance or direct appropriations. Accordingly, nonmonetary federal assistance, including federal surplus property, is included in federal financial assistance and, therefore, is reported on the Schedule, if applicable. Federal financial assistance does not include direct federal cash assistance to individuals. Solicited contracts between an entity and the federal government for which the federal government procures tangible goods or services are not considered to be federal financial assistance.
Compliance Program Tested
We have audited Center for Human Development Inc.'s compliance with the types of compliance requirements described in the OMB Compliance Supplement that could have a direct and material effect on its Economic Adjustment Assistance program for the year ended June 30, 2023.
Basis of Accounting
The receipt and expenditure of federal awards are accounted for under the same basis of accounting as the fund in which they are recorded. Federal awards recorded in proprietary funds are reported using the accrual basis of accounting. Revenues are recorded when earned and expenses are recorded at the time liabilities are incurred. Federal awards recorded in governmental funds are reported using the modified accrual basis of accounting. Revenues are recognized when measurable and available. Expenditures are recorded when the related liability is incurred.
Expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
Insurance Coverage
For fiscal year ended June 30, 2023, the District had insurance coverage in effect comparable to other entities of similar size and circumstance.
Indirect Cost Rate
The District has not elected to use the 10% de minimis indirect cost rate.