Title: BASIS OF PRESENTATION:
Accounting Policies: BASIS OF PRESENTATION: The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award
activity of Hancock-Hardin-Wyandot-Putnam Community Action Commission and Related Entity under programs
of the federal government for the year ended December 31, 2023. The information in this Schedule is presented
in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, 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 Hancock-Hardin-Wyandot-Putnam
Community Action Commission and Related Entity, it is not intended to and does not present the financial
position, changes in net assets, or cash flows of Hancock-Hardin-Wyandot-Putnam Community Action
Commission and Related Entity. SIGNIFICANT ACCOUNTING POLICIES: (a) Expenditures reported on the 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. (b) Hancock-Hardin-Wyandot-Putnam Community Action Commission and Related Entity has elected to use the
10% de minimis indirect cost rate as allowed under the Uniform Guidance. (c) This schedule includes federal expenditures incurred in a prior year for which there is an outstanding loan
balance. Supportive Housing for Persons With Disabilities, Assistance Listing Number 14.181, has continuing
compliance requirements, which requires disclosure on this schedule. The balance on the Schedule represents
the January 1, 2023 balance. The balance at December 31, 2023 was $473,100. (d) There were no awards passed through to subrecipients.
De Minimis Rate Used: Y
Rate Explanation: (b) Hancock-Hardin-Wyandot-Putnam Community Action Commission and Related Entity has elected to use the
10% de minimis indirect cost rate as allowed under the Uniform Guidance.
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award
activity of Hancock-Hardin-Wyandot-Putnam Community Action Commission and Related Entity under programs
of the federal government for the year ended December 31, 2023. The information in this Schedule is presented
in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, 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 Hancock-Hardin-Wyandot-Putnam
Community Action Commission and Related Entity, it is not intended to and does not present the financial
position, changes in net assets, or cash flows of Hancock-Hardin-Wyandot-Putnam Community Action
Commission and Related Entity.
Title: Loan/loan guarantee outstanding balances
Accounting Policies: BASIS OF PRESENTATION: The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award
activity of Hancock-Hardin-Wyandot-Putnam Community Action Commission and Related Entity under programs
of the federal government for the year ended December 31, 2023. The information in this Schedule is presented
in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, 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 Hancock-Hardin-Wyandot-Putnam
Community Action Commission and Related Entity, it is not intended to and does not present the financial
position, changes in net assets, or cash flows of Hancock-Hardin-Wyandot-Putnam Community Action
Commission and Related Entity. SIGNIFICANT ACCOUNTING POLICIES: (a) Expenditures reported on the 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. (b) Hancock-Hardin-Wyandot-Putnam Community Action Commission and Related Entity has elected to use the
10% de minimis indirect cost rate as allowed under the Uniform Guidance. (c) This schedule includes federal expenditures incurred in a prior year for which there is an outstanding loan
balance. Supportive Housing for Persons With Disabilities, Assistance Listing Number 14.181, has continuing
compliance requirements, which requires disclosure on this schedule. The balance on the Schedule represents
the January 1, 2023 balance. The balance at December 31, 2023 was $473,100. (d) There were no awards passed through to subrecipients.
De Minimis Rate Used: Y
Rate Explanation: (b) Hancock-Hardin-Wyandot-Putnam Community Action Commission and Related Entity has elected to use the
10% de minimis indirect cost rate as allowed under the Uniform Guidance.
Supportive Housing for Persons With Disabilities, Assistance Listing Number 14.181, has continuing
compliance requirements, which requires disclosure on this schedule. The balance on the Schedule represents
the January 1, 2023 balance. The balance at December 31, 2023 was $473,100.