Title: NOTE 1 – THE ORGANIZATION
Accounting Policies: The expenditures for each of the federal financial assistance programs are presented
on the accrual basis of accounting. Such expenditures are recognized following the cost principles
contained in Government Auditing Standards, issued by the Comptroller General of the United States, and
the requirements of Uniform Guidance, wherein certain types of expenditures are not allowable or are
limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The Corporation does not have indirect costs and, therefore, the use of the 10% de minimus indirect cost
rate as allowable under the Uniform Guidance, Section 414 is not applicable.
Reporting Entity: The schedule of expenditures of federal awards (the “Schedule”) includes the activity of
all the federal grant programs administered by the Corporation and is defined in Note 1 of the financial
statements.
Basis of Presentation: The Schedule presents total federal awards expended for each individual program
in accordance with Government Auditing Standards, issued by the Comptroller General of the United
States, and the audit requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform
Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform
Guidance).
Basis of Accounting: The expenditures for each of the federal financial assistance programs are presented
on the accrual basis of accounting. Such expenditures are recognized following the cost principles
contained in Government Auditing Standards, issued by the Comptroller General of the United States, and
the requirements of Uniform Guidance, wherein certain types of expenditures are not allowable or are
limited as to reimbursement.
Title: NOTE 2 – RELATIONSHIP TO FINANCIAL REPORTS
Accounting Policies: The expenditures for each of the federal financial assistance programs are presented
on the accrual basis of accounting. Such expenditures are recognized following the cost principles
contained in Government Auditing Standards, issued by the Comptroller General of the United States, and
the requirements of Uniform Guidance, wherein certain types of expenditures are not allowable or are
limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The Corporation does not have indirect costs and, therefore, the use of the 10% de minimus indirect cost
rate as allowable under the Uniform Guidance, Section 414 is not applicable.
Expenditures included in the schedule may differ from amounts reflected in the financial reports submitted
to grant awarding agencies for the following reasons:
Expenses accrued at the end of the Corporation's year may not be included in the financial reports
submitted to grant awarding agencies until after year-end; and
Differences may exist between grant periods and the Corporation’s accounting period.
Title: NOTE 3 – INDIRECT COST RATE
Accounting Policies: The expenditures for each of the federal financial assistance programs are presented
on the accrual basis of accounting. Such expenditures are recognized following the cost principles
contained in Government Auditing Standards, issued by the Comptroller General of the United States, and
the requirements of Uniform Guidance, wherein certain types of expenditures are not allowable or are
limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The Corporation does not have indirect costs and, therefore, the use of the 10% de minimus indirect cost
rate as allowable under the Uniform Guidance, Section 414 is not applicable.
The Corporation does not have indirect costs and, therefore, the use of the 10% de minimus indirect cost
rate as allowable under the Uniform Guidance, Section 414 is not applicable.
Title: NOTE 4 – SUBRECIPIENTS
Accounting Policies: The expenditures for each of the federal financial assistance programs are presented
on the accrual basis of accounting. Such expenditures are recognized following the cost principles
contained in Government Auditing Standards, issued by the Comptroller General of the United States, and
the requirements of Uniform Guidance, wherein certain types of expenditures are not allowable or are
limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The Corporation does not have indirect costs and, therefore, the use of the 10% de minimus indirect cost
rate as allowable under the Uniform Guidance, Section 414 is not applicable.
The Corporation receives reimbursements from the TDA whereby home-based providers submit for service
claims for meals served to approved children and adults. The Corporation did not serve as a pass-through
to subrecipients for the year ended September 30, 2023.