Notes to SEFA
Title: Scope of Presentation
Accounting Policies: Expenditures reported in the Schedule are reported on the modified accrual basis of accounting for the governmental funds and the accrual basis of accounting for the proprietary funds, except for subrecipient expenditures, which are recorded on the cash basis. 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. Negative amounts shown on the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in the Schedule.
De Minimis Rate Used: Y
Rate Explanation: The Organization has elected to use the 10-percent de minimis indirect cost rate.
The accompanying schedule presents only the expenditures incurred by the Community Action North Bay, California,
that are reimbursable under federal programs of federal financial assistance. For the purposes of this schedule,
federal awards include both federal financial assistance received directly from a federal agency, as well as federal
funds received indirectly by the City from a non-federal agency or other organization. Only the portion of program
expenditures reimbursable with such federal funds is reported in the accompanying schedule. Program expenditures
in excess of the maximum federal reimbursement authorized or the portion of the program expenditures that were
funded with state, local or other non-federal funds are excluded from the accompanying schedule.
Title: Basis of Accounting
Accounting Policies: Expenditures reported in the Schedule are reported on the modified accrual basis of accounting for the governmental funds and the accrual basis of accounting for the proprietary funds, except for subrecipient expenditures, which are recorded on the cash basis. 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. Negative amounts shown on the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in the Schedule.
De Minimis Rate Used: Y
Rate Explanation: The Organization has elected to use the 10-percent de minimis indirect cost rate.
The expenditures included in the accompanying schedule were reported on the modified accrual basis of accounting.
Under the modified accrual basis of accounting, expenditures are incurred when the City becomes obligated for
payment as a result of the receipt of the related goods and services. Expenditures reported included any property or
equipment acquisitions incurred under the federal program. The Organization has elected to use the 10-percent de
minimis indirect cost rate allowed under the Uniform Guidance.