Notes to SEFA
Title: Basis of Presentation
Accounting Policies: (1) Expenditures reported on the Schedule are reported on the accrual basis of accounting.
(2) Pass-through entity identifying numbers are presented where available.
De Minimis Rate Used: N
Rate Explanation: CVACL did not elect to use the 10% de minimis indirect cost rate.
The accompanying schedule of expenditures of federal awards (the “Schedule”) includes the federal
grant activity of Central Virginia Alliance for Community Living, Inc. (CVACL) under programs of
the federal government for the year ended September 30, 2023. The information in this Schedule is
presented in accordance with the requirements of the Title 2 U.S. Code of Federal Regulations (CFR)
Part 200, Uniform Administrative Requirements, Cost Principles and Audit Requirements for Federal
Awards. Because the Schedule presents only a selected portion of the operations of CVACL, it is not
intended to and does not present the financial position, changes in net assets, or cash flows of the
CVACL.
Title: Subrecipient Monitoring
Accounting Policies: (1) Expenditures reported on the Schedule are reported on the accrual basis of accounting.
(2) Pass-through entity identifying numbers are presented where available.
De Minimis Rate Used: N
Rate Explanation: CVACL did not elect to use the 10% de minimis indirect cost rate.
CVACL does not have any subrecipients.
Title: Outstanding Loan Balances
Accounting Policies: (1) Expenditures reported on the Schedule are reported on the accrual basis of accounting.
(2) Pass-through entity identifying numbers are presented where available.
De Minimis Rate Used: N
Rate Explanation: CVACL did not elect to use the 10% de minimis indirect cost rate.
At September 30, 2023, CVACL had no outstanding loan balances requiring continuing disclosure.