Title: Note A - Basis of Presentation
Accounting Policies: Note A - Basis of Presentation - The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of The Tangipahoa Voluntary Council on the Aging and has been prepared using the modified accrual basis of accounting as contemplated under generally accepted accounting principles and which is the same basis of accounting used for presenting the general-purpose financial statements. The information in this schedule is presented in accordance with the requirements of OMB Circular A-133, Audits of States, Local Governments, and Non-Profit Organizations. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the presentation of, the general-purpose financial statements.
De Minimis Rate Used: N
Rate Explanation: The Council did not elect to use the 10% de minimis indirect cost rate during the year ended June 30,
2023.
Note A - Basis of Presentation - The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of The Tangipahoa Voluntary Council on the Aging and has been prepared using the modified accrual basis of accounting as contemplated under generally accepted accounting principles and which is the same basis of accounting used for presenting the general-purpose financial statements. The information in this schedule is presented in accordance with the requirements of OMB Circular A-133, Audits of States, Local Governments, and Non-Profit Organizations. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the presentation of, the general-purpose financial statements.
Title: Note B - Subrecipient
Accounting Policies: Note A - Basis of Presentation - The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of The Tangipahoa Voluntary Council on the Aging and has been prepared using the modified accrual basis of accounting as contemplated under generally accepted accounting principles and which is the same basis of accounting used for presenting the general-purpose financial statements. The information in this schedule is presented in accordance with the requirements of OMB Circular A-133, Audits of States, Local Governments, and Non-Profit Organizations. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the presentation of, the general-purpose financial statements.
De Minimis Rate Used: N
Rate Explanation: The Council did not elect to use the 10% de minimis indirect cost rate during the year ended June 30,
2023.
The Tangipahoa Voluntary Council on the Aging did not pass-through any of its federal awards to a subrecipient during the fiscal year.
Title: Note C - Non-cash Assistance
Accounting Policies: Note A - Basis of Presentation - The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of The Tangipahoa Voluntary Council on the Aging and has been prepared using the modified accrual basis of accounting as contemplated under generally accepted accounting principles and which is the same basis of accounting used for presenting the general-purpose financial statements. The information in this schedule is presented in accordance with the requirements of OMB Circular A-133, Audits of States, Local Governments, and Non-Profit Organizations. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the presentation of, the general-purpose financial statements.
De Minimis Rate Used: N
Rate Explanation: The Council did not elect to use the 10% de minimis indirect cost rate during the year ended June 30,
2023.
No federal awards were expended in the form of non-cash assistance during the fiscal year.
Title: Note D - De Minimis Cost Rate
Accounting Policies: Note A - Basis of Presentation - The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of The Tangipahoa Voluntary Council on the Aging and has been prepared using the modified accrual basis of accounting as contemplated under generally accepted accounting principles and which is the same basis of accounting used for presenting the general-purpose financial statements. The information in this schedule is presented in accordance with the requirements of OMB Circular A-133, Audits of States, Local Governments, and Non-Profit Organizations. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the presentation of, the general-purpose financial statements.
De Minimis Rate Used: N
Rate Explanation: The Council did not elect to use the 10% de minimis indirect cost rate during the year ended June 30,
2023.
The Tangipahoa Voluntary Council on Aging did not elect to use the 10% de minimis cost rate.