Notes to SEFA
Title: Note B - Sub-Recipients
Accounting Policies: Note A - Basis of Presentation:
The accompanying schedule of expenditures of federal awards includes the federal award activity of Senior Services Associates, Inc. under programs of the federal government for the year ended September 30, 2023. The information in this schedule is presented in accordance with the requirements of 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 Senior Services Associates, Inc., it is not intended to and does not represent the financial position, changes in net assets, or cash flows of Senior Services Associates, Inc.
Note C - Summary of Significant Accounting Policies:
Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: Senior Services Associates, Inc. did not elect to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.
Senior Services Associates, Inc. did not provide any federal awards to sub-recipients during the year ended September 30, 2023.
Title: Note E - Non-Cash Awards
Accounting Policies: Note A - Basis of Presentation:
The accompanying schedule of expenditures of federal awards includes the federal award activity of Senior Services Associates, Inc. under programs of the federal government for the year ended September 30, 2023. The information in this schedule is presented in accordance with the requirements of 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 Senior Services Associates, Inc., it is not intended to and does not represent the financial position, changes in net assets, or cash flows of Senior Services Associates, Inc.
Note C - Summary of Significant Accounting Policies:
Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: Senior Services Associates, Inc. did not elect to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.
Senior Services Associates, Inc. did not have any outstanding federal loans or loan guarantees or insurance at September 30, 2023 and did not receive any federal non-cash awards during the year ended September 30, 2023.