Audit 262598

Accounting Policies: NOTE A--SIGNIFICANT ACCOUNTING POLICIESBasis of Presentation---The accompanying schedule of expenditures of federal awards (the Schedule)includes the federal award activity of Community Action Committee of Pike County under programs of thefederal government for the year ended December 31, 2022. The information in this Schedule is presentedin accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, UniformAdministrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (UniformGuidance). Because the Schedule presents only a selected portion of the operations of Community ActionCommittee of Pike County, it is not intended to and does not present the financial position, changes in netassets, or cash flows of Community Action Committee of Pike County.Basis of Accounting---Expenditures reported on the Schedule are reported on the accrual basis ofaccounting. Such expenditures are recognized following the cost principles contained in the UniformGuidance, wherein certain types of expenditures are not allowable or limited as to reimbursement.Indirect Costs---The U.S. Department of Health and Human Services approved an indirect cost allocationplan that provided for a provisional indirect cost rate of 8.31% to be applied to all programs, therefore theOrganization did not elect to use the 10% de minimis indirect cost rate. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate.