Audit 28548

Title: BASIS OF PRESENTATION Accounting Policies: Note B Significant Accounting Policies Expenditures reported in 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. No federal financial assistance has been provided to a subrecipient. De Minimis Rate Used: N Rate Explanation: Note C Indirect Cost Rate Area Four Senior Citizens Planning Council, Inc., does not draw for indirect administrative expenses, and has not elected to use the 10% de minimus cost rate. Note A Basis of Presentation The accompanying schedule of expenditures of federal awards (the schedule) includes the federal award activity of Area Four Senior Citizens Planning Council, Inc. (the Organization), under programs of the federal government for the year ended June 30, 2022. The information is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the schedule presents only a selected portion of the operations of Area Four Senior Citizens Planning Council, Inc., it is not intended to, and does not, present the financial position, changes in net assets, or cash flows of Area Four Senior Citizens Planning Council, Inc.