Audit 19015

Accounting Policies: NOTE 1 REPORTING ENTITYRural Community Transportation, Inc., Inc. (the Organization) is a voluntary, not-for-profit organizationincorporated under the laws of the State of Vermont and is engaged to provide coordinated medicaid andother transportation services to medicaid eligible residents in the Caledonia, Essex, Lamoille, and OrleansCountries as well as to the general public and to promote the planning and development of publictransportation. The Organization was founded in November 1991 and is headquartered in Lyndonville,Vermont.NOTE 2 SCOPE OF THE AUDIT PURSUANT TO THE UNIFORM GUIDANCEThe Schedule of Expenditures of Federal Awards (the Schedule) presents the activity of all Federal awardprograms of Rural Community Transportation, Inc. All Federal awards are received directly from Federalagencies as well as Federal awards passed through other government agencies or other entities are includedin the schedule.NOTE 3 BASIS OF PRESENTATIONThe accompanying Schedule of Expenditures of Federal Awards has been prepared in the format as setforth in Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, CostPrinciples, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some amountspresented in this schedule may differ from amounts presented in, or used in the preparation of, the financialstatements.The Schedule is presented using the accrual basis of accounting. Such expenditures are recognizedfollowing the cost principles contained in the Uniform Guidance, wherein certain types of expenditures arenot allowable or are limited as to reimbursement. It includes all Federal awards to the Organization whichhad expenditure activity during the year ended June 30, 2022. Several programs are jointly funded by Stateof Vermont appropriations in addition to Federal Awards. The Schedule reflects only that part of the grantactivity funded by Federal Awards. The Organization has elected not to use the 10 percent de minimisindirect cost rate allowed under the Uniform Guidance.NOTE 4 CATALOG OF FEDERAL DOMESTIC ASSISTANCE (CFDA) NUMBERSThe program titles and CFDA numbers were obtained from the Catalog of Federal Domestic Assistance. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate.