Audit 29187

Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal grant activity of Central Massachusetts Agency on Aging, Inc. (CMAA) under programs of the federal government for the yearended September 30, 2021. The information in this Schedule is presented in accordance with the requirementsof Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements (Uniform Guidance). Because the schedule presents only a selected portionof the operations of Central Massachusetts Agency on Aging, Inc., it is not intended to and does not present the financial position, changes in net assets, or cash flows of CMAA.Note 2. Summary of Significant Accounting PoliciesA. Expenditures reported on 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. Negative amounts shown on the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years. CMAA has not elected to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance.B. CMAA identified the larger Federal Programs (Type A programs) as those programs that exceed $750,000. All other programs are labeled as Type B programs.C. Federal CFDA Numbers 93.044, 93.045 and 93.053 funds are part of the Aging Cluster program. The grouped total is used to determine whether the cluster is a Type A or B program and whether or not it is classified as a Major Federal Program. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate.