Notes to SEFA
Title: Basis of Presentation
Accounting Policies: The SEFA is presented on the modified accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The auditee used the indirect cost rate described in its grant agreement with the City of Charlotte, N.C.
The accompanying schedule of expenditures of federal awards includes the federal grant activity of Carolinas CARE Partnership, and is presented on the modified 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 Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of the basic consolidated financial statements.
Title: Subrecipients
Accounting Policies: The SEFA is presented on the modified accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The auditee used the indirect cost rate described in its grant agreement with the City of Charlotte, N.C.
Of the federal awards presented in the schedule, the Organization provided federal awards to sub-recipients as follows: (See the Notes to the SEFA for chart/table)