Title: NOTES TO SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS
Accounting Policies: This Schedule includes the federal loan activity of Ashe Services for Aging Foundation, Inc. dba Generations Ashe Foundation, under programs of the federal government for the year ended June 30, 2023. The information in this Schedule is presented in accordance with requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements of Federal Awards (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. Because the Schedule presents only a selected portion of the operations of Ashe Services for Aging Foundation, Inc. dba Generations Ashe Foundation, it is not intended and does not present the financial position, changes in net assets, or cash flows of Ashe Services for Aging Foundation, Inc. dba Generations Ashe Foundation.
De Minimis Rate Used: N
Rate Explanation: Ashe Services for Aging Foundation, Inc., has elected not to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.
This Schedule includes the federal loan activity of Ashe Services for Aging Foundation, Inc. dba Generations Ashe Foundation, under programs of the federal government for the year ended June 30, 2023. The information in this Schedule is presented in accordance with requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements of Federal Awards (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. Because the Schedule presents only a selected portion of the operations of Ashe Services for Aging Foundation, Inc. dba Generations Ashe Foundation, it is not intended and does not present the financial position, changes in net assets, or cash flows of Ashe Services for Aging Foundation, Inc. dba Generations Ashe Foundation.
Title: NOTES TO SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS
Accounting Policies: This Schedule includes the federal loan activity of Ashe Services for Aging Foundation, Inc. dba Generations Ashe Foundation, under programs of the federal government for the year ended June 30, 2023. The information in this Schedule is presented in accordance with requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements of Federal Awards (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. Because the Schedule presents only a selected portion of the operations of Ashe Services for Aging Foundation, Inc. dba Generations Ashe Foundation, it is not intended and does not present the financial position, changes in net assets, or cash flows of Ashe Services for Aging Foundation, Inc. dba Generations Ashe Foundation.
De Minimis Rate Used: N
Rate Explanation: Ashe Services for Aging Foundation, Inc., has elected not to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.
Ashe Services for Aging Foundation, Inc., has elected not to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.