Notes to SEFA
Title: NOTE 1 Basis of Presentation
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting.
Such expenditures are recognized following the cost principles contained in Uniform
Guidance, wherein certain types of expenditures are not allowable or are limited as to
reimbursement.
De Minimis Rate Used: N
Rate Explanation: Community Action Partnership has elected to use the 10 percent 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 Community Action Partnership 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 Community Action Partnership, it is not intended to and does not present the
financial position, changes in net assets, or cash flows of Community Action Partnership.
Title: NOTE 2 Summary of Significant Accounting Policies
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting.
Such expenditures are recognized following the cost principles contained in Uniform
Guidance, wherein certain types of expenditures are not allowable or are limited as to
reimbursement.
De Minimis Rate Used: N
Rate Explanation: Community Action Partnership has elected to use the 10 percent de minimis indirect cost
rate as allowed under the Uniform Guidance.
(1) Expenditures reported on the Schedule are reported on the accrual basis of accounting.
Such expenditures are recognized following the cost principles contained in Uniform
Guidance, wherein certain types of expenditures are not allowable or are limited as to
reimbursement.
(2) Pass-through entity identifying numbers are presented where available.
(3) Community Action Partnership has elected to use the 10 percent de minimis indirect cost
rate as allowed under the Uniform Guidance.
Title: NOTE 3 Sub-Recipients
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting.
Such expenditures are recognized following the cost principles contained in Uniform
Guidance, wherein certain types of expenditures are not allowable or are limited as to
reimbursement.
De Minimis Rate Used: N
Rate Explanation: Community Action Partnership has elected to use the 10 percent de minimis indirect cost
rate as allowed under the Uniform Guidance.
Community Action Partnership did not pass any federal awards through to subrecipients.