Notes to SEFA
Accounting Policies: NOTES TO SCHEDULE1.The accompanying schedule of expenditures of federal awards includes the federal grant activity of the SWMPDD and is presented on theaccrual basis of accounting. The information in this schedule is presented in accordance with the requirements of OMB Uniform GuidanceAudits of States, Local Governments and Non-Profit Organizations. Therefore, some amounts presented in this schedule may differ fromamounts presented in, or used in the preparation of, the basic financial statements. The Organization did not use the 10% de minimisindirect cost rate.2The balance outstanding at September 30, 2022, of the loan received in the 1996 fiscal year under CFDA #10.767, Intermediary Relending Program is $183,177. At September 30, 2022, the portfolio related to this grant consisted of the following:Cash and cash equivalents$413,785 Loans receivable - Allowance for doubtful accounts - Accrued interest receivable - Accounts payable - Note payable (83,177)Accrued interest payable (230)Net assets at September 30, 2022 $330,378 3The balance outstanding at September 30, 2022, of funds received in fiscal years 2003-2005 under CFDA #10.767, Intermediary Relending Program is $77,018. At September 30, 2021, the portfolio related to this grant consisted of the following:Cash $107,560 Loans receivable - Allowance for doubtful accounts - Accrued interest receivable - Accounts payable - Note payable (77,018)Accrued interest payable (665)Net assets at September 30, 2022 $29,877 5.Certain federal and state programs are passed through to subrecipients. SWMPDD provided federal awards to subrecipients as follows:ProgramCFDA NumberAmountSenior Community Service Employment Program17.235 $20,652 Aging Cluster93.044/93.045 73,958 HHS Social Services Block Grant93.667 18,749 The funds passed through to subrecipients have been included in federal expenditures.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.