Notes to SEFA
Title: BASIS OF PRESENTATION
Accounting Policies: Expenditures reported on the accompanying schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: Hawaii Civic Service has not elected to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.
The schedule expenditures of federal awards includes the federal award activity of Hawaii Civic Service, Inc. dba Haleiwa Senior Center under programs of the federal government for the year ended September 30, 2023. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR), Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the schedule presents only a selected portion of the operations of Hawaii Civic Service, it is not intended to and does not present the financial position, changes in net assets, or cash flows of Hawaii Civic Service.