Notes to SEFA
Title: LOANS
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of Community Action Partnership
of Greater St Joseph and is presented on the accrual basis of accounting. The information in this schedule
is presented in accordance with the requirements of Uniform Guidance, Audits of States, Local Governments, and
Non-Profit Organizations. Therefore, some amounts presented in this schedule may differ from amounts presented in,
or used in the preparation of, the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: N
The accompanying schedule of expenditures of federal awards includes the outstanding balance at 03/01/2022 of CHDO forgivable loans
because the Federal Government imposes continuing compliance requirements.