Notes to SEFA
Title: Relationship to Financial Reports
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of Tri-County Community Action, Inc. (TCCA) 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 (Uniform Guidance). Because the schedule represents only a selected portion of the operations of TCCA, it is not intended to and does not present the financial position, changes in net assets or cash flows of TCCA.
De Minimis Rate Used: N
Rate Explanation: TCCA has elected not to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.
Amounts reported in the accompanying schedule may not agree with the amounts reported in the related financial reports filed with the grantor agencies because of accruals made in the schedule which will be included in future reports filed with agencies
Title: Subrecipients
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of Tri-County Community Action, Inc. (TCCA) 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 (Uniform Guidance). Because the schedule represents only a selected portion of the operations of TCCA, it is not intended to and does not present the financial position, changes in net assets or cash flows of TCCA.
De Minimis Rate Used: N
Rate Explanation: TCCA has elected not to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.
TCCA has no subrecipients