Notes to SEFA
Title: Basis of Presentation
Accounting Policies: 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.
De Minimis Rate Used: Y
Rate Explanation: CACCI has elected to use the 10 percent de minimis indirect cost rate as allowed under
the Uniform Guidance.
The accompanying schedule of expenditures of federal awards (the Schedule) includes
the federal award activity of Community Action Committee of Cape Cod & Islands, Inc.,
(CACCI) under programs of the Federal government for the year ended September 30,
2023. 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 Audit Requirements for Federal Awards (Uniform
Guidance). Because the Schedule presents only a selected portion of the operations of
CACCI, it is not intended to and does not present the financial position, changes in net
assets or cash flows of CACCI.
Title: Summary of Significant Accounting Policies
Accounting Policies: 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.
De Minimis Rate Used: Y
Rate Explanation: CACCI has elected to use the 10 percent de minimis indirect cost rate as allowed under
the Uniform Guidance.
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.
CACCI has elected to use the 10 percent de minimis indirect cost rate as allowed under
the Uniform Guidance.
Title: Subrecipients
Accounting Policies: 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.
De Minimis Rate Used: Y
Rate Explanation: CACCI has elected to use the 10 percent de minimis indirect cost rate as allowed under
the Uniform Guidance.
There were no pass-through federal awards made to subrecipients by CACCI during
2023.
Title: Pass-through Funding from Massachusetts Department of Early Education and Care
Accounting Policies: 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.
De Minimis Rate Used: Y
Rate Explanation: CACCI has elected to use the 10 percent de minimis indirect cost rate as allowed under
the Uniform Guidance.
CACCI received funding under the Temporary Assistance for Needy Families Program
(assistance listing number 93.558) (TANF) through the Massachusetts Department of
Early Education and Care. The Commonwealth has transferred the TANF funds into the
Childcare and Development Fund (CCDF) as allowed by the TANF program. The OMB
Compliance Supplement required the transferred TANF funds to be reported as CCDF
expenditures. CACCI has reported $5,383,756 in expenditures of TANF funds as CCDF
expenditures under assistance listing number 93.575 on the Schedule for the year ended
September 30, 2023.