Notes to SEFA
Title: Summary of Significant Accounting Policies
Accounting Policies: The accompanying schedule of expenditures of federal and state awards includes the federal and state award activityof Pillars, Inc. under programs of the federal and state government for the year ended September 30, 2022. Theinformation in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of FederalRegulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for FederalAwards (Uniform Guidance).Because the schedule presents only a select portion of the operations of Pillars, Inc., it is not intended to, and doesnot, present the financial position, changes in net position or cash flows of Pillars, Inc.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
Expenditures reported on the schedule are reported on the accrual basis of accounting. Such expenditures arerecognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures arenot allowable or are limited as to reimbursement.
Title: Subrecipients
Accounting Policies: The accompanying schedule of expenditures of federal and state awards includes the federal and state award activityof Pillars, Inc. under programs of the federal and state government for the year ended September 30, 2022. Theinformation in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of FederalRegulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for FederalAwards (Uniform Guidance).Because the schedule presents only a select portion of the operations of Pillars, Inc., it is not intended to, and doesnot, present the financial position, changes in net position or cash flows of Pillars, Inc.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
Pillars, Inc. did not have any subrecipient expenditures.