Notes to SEFA
Accounting Policies: NOTE 1- SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Goodwill Industries of Northeastern Pennsylvania, Inc. (Goodwill) is a non-profit corporation. Goodwill provides community living arrangements, industry integrated training and transitional employment to mentally challenged individuals through the operation of various federal and state funded programs. A.BASIS OF ACCOUNTING This financial statement has been prepared on the cash basis of accounting in accordance with the contractual terms of service agreements with governmental agencies and Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). NO PRIOR FINDINGS NOTED
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate