Notes to SEFA
Title: 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 the Uniform
Guidance wherein certain types of expenditures are not allowable or are limited as to
reimbursement.
De Minimis Rate Used: N
Rate Explanation: The Agency has elected not to use the 10% de minimis indirect cost rate allowed under the
Uniform Guidance and did not allocate indirect costs to its programs.
The accompanying schedule of expenditures of federal awards (the Schedule) includes the
federal award activity of Area IV Mental Health Services Coalition d/b/a Common Ties
Mental Health Services under programs of the federal government 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). Because the Schedule presents only a selected portion of the operations of the
Agency, it is not intended to and does not present the financial position, changes in net
assets, or cash flows of the Agency.
Title: SUBRECIPIENTS
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 the Uniform
Guidance wherein certain types of expenditures are not allowable or are limited as to
reimbursement.
De Minimis Rate Used: N
Rate Explanation: The Agency has elected not to use the 10% de minimis indirect cost rate allowed under the
Uniform Guidance and did not allocate indirect costs to its programs.
Of the expenditures presented in the Schedule of Expenditures of Federal Awards, Area IV
Mental Health Services Coalition d/b/a Common Ties Mental Health Services did not
provide awards to subrecipients.
Title: DISASTER ASSISTANCE LOANS
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 the Uniform
Guidance wherein certain types of expenditures are not allowable or are limited as to
reimbursement.
De Minimis Rate Used: N
Rate Explanation: The Agency has elected not to use the 10% de minimis indirect cost rate allowed under the
Uniform Guidance and did not allocate indirect costs to its programs.
In response to the Coronavirus (COVID-19) pandemic, the U.S. Small Business
Administration provided Economic Injury Disaster Loans (EIDL loan) to eligible
organizations. The purpose of the EIDL loan was to provide funding to meet financial
obligations and operating expense that could have been met had the disaster not occurred.
Payments on the EIDL loan are deferred for one year from the date the promissory note and
interest will accrue during the deferment period. The Agency is required to maintain
supporting documentation for EIDL loan funds spent and retain the documentation for
three years from the date of the final disbursement. The Agency has also agreed, to the
extent feasible, to purchase only American-made equipment and products with the
proceeds from the EIDL loan.
The EIDL loan is considered federal financial assistance and therefore the outstanding
balance of the loan at June 30, 2023 is included in the federal expenditures schedule.