Notes to SEFA
Accounting Policies: 1.GENERAL INFORMATIONThe accompanying schedule of expenditures of federal awards presents the activities in all the federal awards programs of Communities Resist Inc. (the Organization). All federal awards received directly from federal agencies as well as federal awards passed through other governmental agencies or not-for-profit organizations are included on the schedule.2.BASIS OF ACCOUNTINGThe accompanying schedule of expenditures of federal awards is presented using the accrual basis of accounting. The amounts reported in this schedule as expenditures may differ from certain financial reports submitted to federal or state funding agencies due to those reports being submitted on either a cash or modified accrual basis of accounting.3.RELATIONSHIP TO BASIC FINANCIAL STATEMENTSFederal expenditures are generally reported on the statements of functional expenses as program expenses. In certain programs, the expenditures reported in the financial statements may differ from the expenditures reported in the schedule of expenditures of federal awards due to certain reports being prepared on the cash basis of accounting, capitalization of assets, or expenditures in excess of the contract budgets which are not allowable.4.INDIRECT COST RATEThere was no indirect cost rate and the de minimis rate was applied to the federal awards when available.
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate.