Notes to SEFA
Title: NOTE A -- BASIS OF PRESENTATION
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of Community Action Partnership
of Greater St Joseph and is presented on the accrual basis of accounting. The information in this schedule
is presented in accordance with the requirements of Uniform Guidance, 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 preparation of, the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: NONE
The accompanying schedule of expenditures of federal awards includes the federal grant activity of Community Action Partnership
of Greater St Joseph and is presented on the accrual basis of accounting. The information in this schedule
is presented in accordance with the requirements of Uniform Guidance, 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 preparation of, the basic financial statements.
Title: NOTE B --INDIRECT COST RATE
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of Community Action Partnership
of Greater St Joseph and is presented on the accrual basis of accounting. The information in this schedule
is presented in accordance with the requirements of Uniform Guidance, 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 preparation of, the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: NONE
Community Action Partnership of Greater St. Joseph did not elect to use the 10% de minimis cost rate, as it does not qualify.
Title: NOTE 3 -- LOANS
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of Community Action Partnership
of Greater St Joseph and is presented on the accrual basis of accounting. The information in this schedule
is presented in accordance with the requirements of Uniform Guidance, 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 preparation of, the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: NONE
The accompanying schedule of expenditures of federal awards includes the outstanding balance at 03/01/2023 of CHDO forgivable loans because the Federal Government imposes continuing compliance requirements.