Notes to SEFA
Title: RECONCILIATION
Accounting Policies: ExpendituresExpenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures arerecognized following, the cost principles contained in the Uniform Guidance, where certain types of expendituresare not allowable or are limited as to reimbursement.BASIS OF PRESENTATION: The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activityof Valley Area Agency on Aging under programs of the federal government for the year ended September 30,2022. The information in this Schedule is presented in accordance with the requirements of Title 2 U.S. Code ofFederal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirementsfor Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of theoperations of Valley Area Agency on Aging, it is not intended to and does not present the financial position,changes in net assets, or cash flows of Valley Area Agency on Aging.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
Federal and state grant revenue per the financial statements $ 20,702,546Less non-federal state grant revenue (2,802,973.00)Less Medicaid Waiver Program revenue not considered federal awards per granting agency (13,833,700)Less Veterans Health Administration revenue considered to be vendor receipts (55,488)Less other (6,435)$ 4,003,950
Title: SUBRECIPIENTS
Accounting Policies: ExpendituresExpenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures arerecognized following, the cost principles contained in the Uniform Guidance, where certain types of expendituresare not allowable or are limited as to reimbursement.BASIS OF PRESENTATION: The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activityof Valley Area Agency on Aging under programs of the federal government for the year ended September 30,2022. The information in this Schedule is presented in accordance with the requirements of Title 2 U.S. Code ofFederal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirementsfor Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of theoperations of Valley Area Agency on Aging, it is not intended to and does not present the financial position,changes in net assets, or cash flows of Valley Area Agency on Aging.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
No amounts were provided to subrecipients.