Title: General
Accounting Policies: 1. General
The accompanying Schedule of Expenditures of Federal Awards (the “Schedule”) presents the activity of all federal financial assistance programs of the Council on Aging for Southeastern Vermont, Inc d/b/a Senior Solutions (the “Organization”).
2. Basis of Presentation
The accompanying Schedule of Expenditures of Federal Awards is presented using the accrual basis of accounting, as indicated in Note 1 to the Organization's financial statements. It includes the federal grant activity of the Council on Aging for Southeastern Vermont, Inc. under programs of the federal government for the year ended September 30, 2023. The information in the Schedule is presented in accordance with the requirements of the Uniform Guidance, Audits of States, Local Governments, and Non-Profit Organizations. Because the Schedule presents only a selected portion of the operations of the Council on Aging for Southeastern Vermont, Inc., it is not intended to and does not present the financial position, changes in net assets, or cash flows of the Council on Aging for Southeastern Vermont, Inc.
3. Allowable and Unallowable Costs
The Organization follows 2 CFR Part 200, Cost Principles for Non-Profit Organizations, which was issued to provide that federal assistance programs provided to nonprofit organizations bear their fair share of costs by defining costs that are allowable and unallowable for that assistance.
(1) Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in 2 CFR Part 200, Cost
Principles for Non-Profit Organizations, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
(2) Pass-through entity identifying numbers are presented where available.
De Minimis Rate Used: Both
Rate Explanation: Council on Aging for Southeastern Vermont, Inc. has elected to use the 10% de minimis indirect cost rate as covered in 200.414 Indirect (F&A) costs only for Supplemental Nutrition Assistance (CFDA # 10.561) and Low-Income Home Energy Assistance Programs (CFDA # 93.568).
The accompanying Schedule of Expenditures of Federal Awards (the “Schedule”) presents the activity of all federal financial assistance programs of the Council on Aging for Southeastern
Vermont, Inc d/b/a Senior Solutions (the “Organization”).
Title: Basis of Presentation
Accounting Policies: 1. General
The accompanying Schedule of Expenditures of Federal Awards (the “Schedule”) presents the activity of all federal financial assistance programs of the Council on Aging for Southeastern Vermont, Inc d/b/a Senior Solutions (the “Organization”).
2. Basis of Presentation
The accompanying Schedule of Expenditures of Federal Awards is presented using the accrual basis of accounting, as indicated in Note 1 to the Organization's financial statements. It includes the federal grant activity of the Council on Aging for Southeastern Vermont, Inc. under programs of the federal government for the year ended September 30, 2023. The information in the Schedule is presented in accordance with the requirements of the Uniform Guidance, Audits of States, Local Governments, and Non-Profit Organizations. Because the Schedule presents only a selected portion of the operations of the Council on Aging for Southeastern Vermont, Inc., it is not intended to and does not present the financial position, changes in net assets, or cash flows of the Council on Aging for Southeastern Vermont, Inc.
3. Allowable and Unallowable Costs
The Organization follows 2 CFR Part 200, Cost Principles for Non-Profit Organizations, which was issued to provide that federal assistance programs provided to nonprofit organizations bear their fair share of costs by defining costs that are allowable and unallowable for that assistance.
(1) Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in 2 CFR Part 200, Cost
Principles for Non-Profit Organizations, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
(2) Pass-through entity identifying numbers are presented where available.
De Minimis Rate Used: Both
Rate Explanation: Council on Aging for Southeastern Vermont, Inc. has elected to use the 10% de minimis indirect cost rate as covered in 200.414 Indirect (F&A) costs only for Supplemental Nutrition Assistance (CFDA # 10.561) and Low-Income Home Energy Assistance Programs (CFDA # 93.568).
The accompanying Schedule of Expenditures of Federal Awards is presented using the accrual basis of accounting, as indicated in Note 1 to the Organization's financial statements. It includes the federal grant activity of the Council on Aging for Southeastern Vermont, Inc. under programs of the federal government for the year ended September 30, 2023. The information in the Schedule is presented in accordance with the requirements of the Uniform Guidance, Audits of States, Local Governments, and Non-Profit Organizations. Because the Schedule presents only a selected portion of the operations of the Council on Aging for Southeastern Vermont, Inc., it is not intended to and does not present the financial position, changes in net assets, or cash flows of the Council on Aging for Southeastern Vermont, Inc.
Title: Allowable and Unallowable Costs
Accounting Policies: 1. General
The accompanying Schedule of Expenditures of Federal Awards (the “Schedule”) presents the activity of all federal financial assistance programs of the Council on Aging for Southeastern Vermont, Inc d/b/a Senior Solutions (the “Organization”).
2. Basis of Presentation
The accompanying Schedule of Expenditures of Federal Awards is presented using the accrual basis of accounting, as indicated in Note 1 to the Organization's financial statements. It includes the federal grant activity of the Council on Aging for Southeastern Vermont, Inc. under programs of the federal government for the year ended September 30, 2023. The information in the Schedule is presented in accordance with the requirements of the Uniform Guidance, Audits of States, Local Governments, and Non-Profit Organizations. Because the Schedule presents only a selected portion of the operations of the Council on Aging for Southeastern Vermont, Inc., it is not intended to and does not present the financial position, changes in net assets, or cash flows of the Council on Aging for Southeastern Vermont, Inc.
3. Allowable and Unallowable Costs
The Organization follows 2 CFR Part 200, Cost Principles for Non-Profit Organizations, which was issued to provide that federal assistance programs provided to nonprofit organizations bear their fair share of costs by defining costs that are allowable and unallowable for that assistance.
(1) Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in 2 CFR Part 200, Cost
Principles for Non-Profit Organizations, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
(2) Pass-through entity identifying numbers are presented where available.
De Minimis Rate Used: Both
Rate Explanation: Council on Aging for Southeastern Vermont, Inc. has elected to use the 10% de minimis indirect cost rate as covered in 200.414 Indirect (F&A) costs only for Supplemental Nutrition Assistance (CFDA # 10.561) and Low-Income Home Energy Assistance Programs (CFDA # 93.568).
The Organization follows 2 CFR Part 200, Cost Principles for Non-Profit Organizations, which was issued to provide that federal assistance programs provided to nonprofit organizations bear their fair share of costs by defining costs that are allowable and unallowable for that assistance.
(1) Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in 2 CFR Part 200, Cost
Principles for Non-Profit Organizations, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
(2) Pass-through entity identifying numbers are presented where available.