Notes to SEFA
Title: General
Accounting Policies: The information in the schedule of expenditures of federal awards is presented in accordance with requirements of the Title 2 U.S. Code of Federal Regbulations Part 200, Uniform Admiistrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance).
De Minimis Rate Used: N
Rate Explanation: Auditee uses allocation determined by management on an equitable basis.
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal grant activity of Senior Citizen Council under programs of the federal government for the year ended September 30, 2023. The information in this schedule is presented in accordance with requirements of the Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance).
Title: Basis of Accounting
Accounting Policies: The information in the schedule of expenditures of federal awards is presented in accordance with requirements of the Title 2 U.S. Code of Federal Regbulations Part 200, Uniform Admiistrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance).
De Minimis Rate Used: N
Rate Explanation: Auditee uses allocation determined by management on an equitable basis.
The accompanying schedule of expenditures of federal aawards summarizes the federal grant activity of the Senior Citizens Council and is presented on the accrual basis of accounting. The information in the schedule is presented in accordance with the requirements of Uniform Guidance, Audits of States, Local Governments, and Non-Profit Oranizations.
Title: Indirect Cost Rates
Accounting Policies: The information in the schedule of expenditures of federal awards is presented in accordance with requirements of the Title 2 U.S. Code of Federal Regbulations Part 200, Uniform Admiistrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance).
De Minimis Rate Used: N
Rate Explanation: Auditee uses allocation determined by management on an equitable basis.
The organization does not charge indirect costs under the de minimis cost rate.