Notes to SEFA
Title: Risk-Based Audit Approach
Accounting Policies: The accompanying schedule of expenditure of federal awards (schedule) includes the federal grant activity of the Area Agency on Aging for Luzerne/Wyoming Counties (Agency). The agency's reporting entity is defined in Note 1 to the Agency's financial statements. The schedule includes financial assistance programs of the primary government reporting entity. Federal financial assistance received directly from federal agencies and federal financial assistance passed through other government agencies is included on the schedule. The accompanying schedule is presented using the modified accrual basis of accounting, which is described in Note 1 to the Agency's financial statements.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The 2022 threshold for determining Type A and Type B programs is $750,000. The following Programs were audited as major: Aging Cluster: 93.044 Special Programs for the Aging -Title III, Part B - Grants for Supportive Services and Senior Centers. 93.045 Special Programs for the Aging - Title III, Part C - Nutrition Services. 93.053 Nutrition Services Incentive Program. The amount expended under the programs audited as major federal programs for the year ended June 30, 2022 total $2,941,013 or 68.10% of total federal awards expended.