Notes to SEFA
Accounting Policies: Note A - Basis of Presentation The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Collaborative solutions, Inc. (the Organization) 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 Administration Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance) because the schedule presents only a selected portion of the operations of the Organization, it is not intended to and does not present the financial position, changes in net assets, or the cash flows of the Organization. Additionally, there were no awards passed through to sub recipients. Note B- Summary of Significant 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 the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: Y
Rate Explanation: Note C- Indirect Cost Rate the Organization has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.