Notes to SEFA
Title: 1. Basis of Presentation
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal
grant activity of Camden ILC and is presented on the accrual basis of
accounting. The information in this schedule is presented in accordance with the
requirements of the Uniform Guidance, Audits of States, Local Governments, and
Non-Profit Organizations. Therefore, some amounts presented in this schedule may
differ from amounts presented in, or used in the preparation of the basic
financial statements.
De Minimis Rate Used: N
Rate Explanation: The Project has elected not to use the 10-percent de minimis indirect cost rate
allowed under the Uniform Guidance.
The accompanying schedule of expenditures of federal awards includes the federal
grant activity of Camden ILC and is presented on the accrual basis of
accounting. The information in this schedule is presented in accordance with the
requirements of the Uniform Guidance, Audits of States, Local Governments, and
Non-Profit Organizations. Therefore, some amounts presented in this schedule may
differ from amounts presented in, or used in the preparation of the basic
financial statements.
Title: 2. Non-cash Federal Assistance
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal
grant activity of Camden ILC and is presented on the accrual basis of
accounting. The information in this schedule is presented in accordance with the
requirements of the Uniform Guidance, Audits of States, Local Governments, and
Non-Profit Organizations. Therefore, some amounts presented in this schedule may
differ from amounts presented in, or used in the preparation of the basic
financial statements.
De Minimis Rate Used: N
Rate Explanation: The Project has elected not to use the 10-percent de minimis indirect cost rate
allowed under the Uniform Guidance.
The Project did not receive any non-cash Federal assistance for the year ended
December 31, 2023.
Title: 3. Indirect Cost Rate
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal
grant activity of Camden ILC and is presented on the accrual basis of
accounting. The information in this schedule is presented in accordance with the
requirements of the Uniform Guidance, Audits of States, Local Governments, and
Non-Profit Organizations. Therefore, some amounts presented in this schedule may
differ from amounts presented in, or used in the preparation of the basic
financial statements.
De Minimis Rate Used: N
Rate Explanation: The Project has elected not to use the 10-percent de minimis indirect cost rate
allowed under the Uniform Guidance.
The Project has elected not to use the 10-percent de minimis indirect cost rate
allowed under the Uniform Guidance.