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: The auditee used the de minimis cost rate.
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, 2022. 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: 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: The auditee used the de minimis cost rate.
There were no pass-through federal awards made to subrecipients by CACCI during 2022.
Title: Pass-through Funding from Massachusetts Department of Early Education an
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: The auditee used the de minimis cost rate.
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 $5,964,327 in expenditures of TANF funds as CCDF expenditures under assistance listing number 93.575 on the Schedule for the year ended September 30, 2022.