Notes to SEFA
Title: Basis of Presentation
Accounting Policies: Basis of presentation and summary of significant accounting policies
De Minimis Rate Used: N
Rate Explanation: elected to forego 10% diminimus indirect cost rate
The accompanying schedule of expenditures of fedewral awards includes the federal grant activity of Cullman County Center for the Developmentally Disabled, Inc. (CCCDD) under programs of the federal government for the year ended September 30, 2023. The information in this schedule is presented in accordance with the requiremnts of Title 2 US Code of ederal Reulations part 200, Uniform Administrative REequirements, Cost Principles, and Audit Requiremtns for Federal Awards (Uniform Guidance). Because the schedule presnts only a selected portion of the operations of CCCDD, it is not intended to and does not present the financial position, or changes in net postion of CCCDD.
Title: Summary of Signficant Accouning Policies
Accounting Policies: Basis of presentation and summary of significant accounting policies
De Minimis Rate Used: N
Rate Explanation: elected to forego 10% diminimus indirect cost rate
Expenditures on the Schedule are reportred on the accrual basis of accouning. Such expenditures are recognized following the cost principle contained in the Uniform Guidance, where certain tyupes of expenditures are not allowable or are limited as to reimbursment. CCCDD has elected to forego the 10% di minimus indirect cost rate, as allowed under the Uniform Guidance