Title: Note 1 - General
Accounting Policies: Expenditures reported on the acoompanying schedule of expenditures of federal awards are reported in accordance with generally accepted accounting principles (GAAP).
De Minimis Rate Used: N
Rate Explanation: The Organization did not elect to use the ten percent (10%) de minimus indirect cost rate for the year ended June 30, 2023.
The accompanying Schedule of Expenditures of Federl Awards presents the activity of all federal financial assistance programs of Central Pennsylvania Community Action, inc. (Organization). The Organization's reporting entity is defined in Note 1 - Summary of Significant Accounting Policies to the basic financial statements as presented on page 11 of this report package. The federal and state financial assistance presented in these schedules was all received from pass-through goverment agencies.
Title: Note 2 - Basis of Presentation
Accounting Policies: Expenditures reported on the acoompanying schedule of expenditures of federal awards are reported in accordance with generally accepted accounting principles (GAAP).
De Minimis Rate Used: N
Rate Explanation: The Organization did not elect to use the ten percent (10%) de minimus indirect cost rate for the year ended June 30, 2023.
Federal and state financial assistance revenues are recognized in the basic financial statements as support and revenues. The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of Central Pennsylvania Community Action, Inc. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and the Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements.
Title: Note 3 - Summary of Significant Accounting Policies
Accounting Policies: Expenditures reported on the acoompanying schedule of expenditures of federal awards are reported in accordance with generally accepted accounting principles (GAAP).
De Minimis Rate Used: N
Rate Explanation: The Organization did not elect to use the ten percent (10%) de minimus indirect cost rate for the year ended June 30, 2023.
Expenditures reported on the accompanying schedule of expenditures of federal awards are reported in accordance with generally accpeted accounting principles. (GAAP).
Title: Note 3 - Summary of Significant Accounting Policies
Accounting Policies: Expenditures reported on the acoompanying schedule of expenditures of federal awards are reported in accordance with generally accepted accounting principles (GAAP).
De Minimis Rate Used: N
Rate Explanation: The Organization did not elect to use the ten percent (10%) de minimus indirect cost rate for the year ended June 30, 2023.
Relationship to Federal and State Financial Reports - The amounts in the accompanying Schedule of Expenditures of Federal Awards agree with the amounts reported in the related federal financial reports filed by the Organization to each pass-through agency.
Title: Note 3 - Summary of Significant Accounting Policies
Accounting Policies: Expenditures reported on the acoompanying schedule of expenditures of federal awards are reported in accordance with generally accepted accounting principles (GAAP).
De Minimis Rate Used: N
Rate Explanation: The Organization did not elect to use the ten percent (10%) de minimus indirect cost rate for the year ended June 30, 2023.
Food Commoties - Non-monetary assistance is reported in the Schedules of Expenditures of Federal Awards as Emergency Food Assistance (Commdities) at the fair market value of the commodities received.
Title: Note 3 - Summary of Significant Accounting Policies
Accounting Policies: Expenditures reported on the acoompanying schedule of expenditures of federal awards are reported in accordance with generally accepted accounting principles (GAAP).
De Minimis Rate Used: N
Rate Explanation: The Organization did not elect to use the ten percent (10%) de minimus indirect cost rate for the year ended June 30, 2023.
Indirect Cost Rate - The Organization did not elect to use the ten percent (10%) de minimus indirect cost rate for the year ended June 30, 2023.
Title: Note 3 - Summary of Significant Accounting Policies
Accounting Policies: Expenditures reported on the acoompanying schedule of expenditures of federal awards are reported in accordance with generally accepted accounting principles (GAAP).
De Minimis Rate Used: N
Rate Explanation: The Organization did not elect to use the ten percent (10%) de minimus indirect cost rate for the year ended June 30, 2023.
Amounts Passed to Subrecepients - The Organization did not provide federal awards to subrecipients during the year ended June 30, 2023.