Notes to SEFA
Title: Basis of Presentation
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) Community Action Commission of Fayette County has elected not to use the 10 percent de minimus
indirect cost rate as allowed under the Uniform Guidance.
(c) Pass-through entity identifying numbers are presented where available.
De Minimis Rate Used: N
Rate Explanation: Community Action Commission of Fayette County has elected not to use the 10 percent de minimus
The accompanying Schedule of Expenditures of Federal Awards (Schedule) includes the federal award
activity of Community Action Commission of Fayette County under programs of the federal government for
the year ended February 29, 2024.
The information in this Schedule is presented in accordance with the requirements of Title 2 U.S. Code of
Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit
Requirements for Federal Awards (Uniform Guidance). Since the schedule presents only a selected portion
of the operations of Community Action Commission of Fayette County, it is not intended to and does not
present Community Action Commission of Fayette County’s financial position, change in net assets, or cash
flows.
Title: Summary of Significant Accounting Policies
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) Community Action Commission of Fayette County has elected not to use the 10 percent de minimus
indirect cost rate as allowed under the Uniform Guidance.
(c) Pass-through entity identifying numbers are presented where available.
De Minimis Rate Used: N
Rate Explanation: Community Action Commission of Fayette County has elected not to use the 10 percent de minimus
(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) Community Action Commission of Fayette County has elected not to use the 10 percent de minimus
indirect cost rate as allowed under the Uniform Guidance.
(c) Pass-through entity identifying numbers are presented where available.