Notes to SEFA
Title: Basis of accounting
Accounting Policies: Modified accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: NCN
The Schedule of Expenditures of Federal Awards is prepared using the modified accrual basis of accounting.
Title: Accounting policy
Accounting Policies: Modified accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: NCN
Planning and Service Area 2, Area Agency on Aging expended no federal non-cash assistance during the year, had no federal insurance in effect during the year, and had no outstanding federal loans or loan guarantees during the year.
Title: Indirect cost rate
Accounting Policies: Modified accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: NCN
The Agency has elected not to use the 10% de minimus indirect cost rate allowed under the Uniform Guidance.