Notes to SEFA
Title: Description of Major Federal Programs
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards presents the activity of all federal award programs of Midland Area Agency on Aging, PSA No. 9. The Area Agency's nature of activities is defined in Note 1 to the Area Agency's financial statements. The information in this schedule is presented in accordance with requirements of the U.S. Office of Management and Budget and Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). The accompanying Schedule of Expenditures of Federal Awards is presented using the accrual basis of accounting, which is described in Note 1 to the Area Agency's financial statements.
De Minimis Rate Used: N
Rate Explanation: The Area Agency has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance
Special Program for the Aging Title Ill, Part B Grants for Supportive Services and Senior Centers The objective of the program is to encourage State Agencies on Aging and Area Agencies on Aging to concentrate resources to develop and implement comprehensive and coordinated community -based systems of services for older individuals via statewide planning and area planning and provision of supportive services, including multipurpose senior centers. The objective of these services and centers is to maximize the informal support provided to older Americans to enable them to remain in their homes and communities. Providing transportation services, in-home services and caregiver support services, this program ensures that elders receive the services they need to remain independent. Special Programs for the Aging Title Ill, Part C Nutrition Services The objective of this program is to provide grants to States to support nutrition services including nutritious meals, nutrition education and other appropriate nutrition services for older Americans in order to maintain health, independence and quality of life. Meals may be served in a congregate setting or delivered to the home. Nutrition Services Incentive Program The objective of this program is to reward effective performance by States in the efficient delivery of nutritious meals to older adults through the use of cash or commodities.
Title: Loan Guarantees
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards presents the activity of all federal award programs of Midland Area Agency on Aging, PSA No. 9. The Area Agency's nature of activities is defined in Note 1 to the Area Agency's financial statements. The information in this schedule is presented in accordance with requirements of the U.S. Office of Management and Budget and Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). The accompanying Schedule of Expenditures of Federal Awards is presented using the accrual basis of accounting, which is described in Note 1 to the Area Agency's financial statements.
De Minimis Rate Used: N
Rate Explanation: The Area Agency has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance
During fiscal year ended September 30, 2023, there were no federal awards expensed in the form of non-cash assistance and there were no loan guarantees outstanding at year end.