Notes to SEFA
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the Federal assistance activity of Pathways and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. Pathways' consolidating financial statements include the operations of the 29 Emerson Avenue Condominium Association (the Association) which is not included in the accompanying Schedule of Expenditures of Federal Awards. The Association was organized for the exclusive purpose to manage and regulate the common areas of Pathways’ facility and collect rental income. The Association is not subject to the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: Pathways has elected not to use the 10% de minimis cost rate for its Federal programs.