Notes to SEFA
Title: 1
Accounting Policies: The accompanying schedule of expenditures of federal awards (the schedule) includes
all federal grant activity of Ride Connection, Inc. under programs of the federal
government for the year ended June 30, 2022. The information in this schedule is
presented in accordance with the requirements of the 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 Ride Connection, Inc., it is not intended to and
does not present the financial position, changes in net assets or cash flows of Ride
Connection, Inc.. Expenditures reported on the schedule are reported on the accrual basis of accounting.
De Minimis Rate Used: Y
Rate Explanation: Ride Connection, Inc. has elected to use the 10 percent de minimis
indirect cost rate as allowed under the Uniform Guidance.
Basis of Presentation
Title: 2
Accounting Policies: The accompanying schedule of expenditures of federal awards (the schedule) includes
all federal grant activity of Ride Connection, Inc. under programs of the federal
government for the year ended June 30, 2022. The information in this schedule is
presented in accordance with the requirements of the 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 Ride Connection, Inc., it is not intended to and
does not present the financial position, changes in net assets or cash flows of Ride
Connection, Inc.. Expenditures reported on the schedule are reported on the accrual basis of accounting.
De Minimis Rate Used: Y
Rate Explanation: Ride Connection, Inc. has elected to use the 10 percent de minimis
indirect cost rate as allowed under the Uniform Guidance.
Indirect Costs