Notes to SEFA
Title: Summary of Significant Accounting Policies
Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) includes the federalactivity of Meals on Wheels Western Michigan (MOWWM) under programs of the federal governmentfor the year ended September 30, 2022. The information in this Schedule is presented in accordancewith the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform AdministrativeRequirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance).Because the Schedule presents only a selected portion of the operations of MOWWM, it is notintended to and does not present the financial position, changes in net assets, or cash flows ofMOWWM.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
Title: Reconciliation of Schedule of Expenditures of Federal Awards to the Stmts
Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) includes the federalactivity of Meals on Wheels Western Michigan (MOWWM) under programs of the federal governmentfor the year ended September 30, 2022. The information in this Schedule is presented in accordancewith the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform AdministrativeRequirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance).Because the Schedule presents only a selected portion of the operations of MOWWM, it is notintended to and does not present the financial position, changes in net assets, or cash flows ofMOWWM.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The accompanying Schedule includes the federal grant activity of MOWWM for the year ended September 30, 2022. This Schedule is presented using the accrual basis of accounting.Revenues in the basic financial statements reconcile with this Schedule as follows: Federal and state grants per financial statements $2,372,642 State grants (660,448) Expenditures per Schedule of Expenditures of Federal Awards $1,712,154