Notes to SEFA
Title: 1
Accounting Policies: Uniform Guidance and OMB Circular A-122, Cost Principles for Non-profit Organizations, wherein certain types of expenditures are not allowed or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: Direct Allocation Plan
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal grant activity of
Chelan-Douglas County Community Action Council 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 Chelan-Douglas Community Action Council, it is not intended to and does not present the
financial position, changes in net assets, or cash flows of Chelan-Douglas County Community Action Council.
Title: 2
Accounting Policies: Uniform Guidance and OMB Circular A-122, Cost Principles for Non-profit Organizations, wherein certain types of expenditures are not allowed or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: Direct Allocation Plan
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 and OMB Circular A-122, Cost Principles for Non-profit Organizations, wherein certain types of expenditures are not allowed or are limited as to reimbursement.
Title: 3
Accounting Policies: Uniform Guidance and OMB Circular A-122, Cost Principles for Non-profit Organizations, wherein certain types of expenditures are not allowed or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: Direct Allocation Plan
The following loans have continuing federal compliance requirements and are included as expenditures in the accompanying Schedule:
Beg Bal Activity End Bal
Home Investment Partnership Program $ 1,259,909 $ - $ 1,259,909
Home Investment Partnership Program 942,237 - 942,237
Total $ 2,202,146 $ - $ 2,202,146
Title: 4
Accounting Policies: Uniform Guidance and OMB Circular A-122, Cost Principles for Non-profit Organizations, wherein certain types of expenditures are not allowed or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: Direct Allocation Plan
The Council did not use the 10% de-minimis cost rate.