Notes to SEFA
Title: Note 4
Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal grant activityof Polish American Association under programs of the federal government for the year ended June 30, 2022. Theinformation in this schedule is presented in accordance with requirements of the Title 2 U.S. Code of FederalRegulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for FederalAwards ("Uniform Guidance"). Because the schedule presents only a selected portion of the operations of PolishAmerican Association, it is not intended to and does not present the financial position, changes in net assets, orcash flows of Polish American Association. Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures arerecognized following the cost principles contained in the Uniform Guidance wherein certain types of expendituresare not allowable or are limited as to reimbursement. Pass-through entity identifying numbers are presentedwhere available.
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate.
Polish American Association does not have any sub-recipients of federal awards.