Notes to SEFA
Title: BASIS OF ACCOUNTING
Accounting Policies: Expenditures reported on the schedule of expenditures of federal awards 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: MCASA uses the actual (direct) expenses method.
The accompanying schedule of expenditures of federal awards includes the federal grant activity of The Maryland Coalition Against Sexual Assault, Inc. 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 The Maryland Coalition Against Sexual Assault, Inc., it is not intended to and does not present the financial position, changes in net position or cash flows of the Fund.