Notes to SEFA
Title: Subrecipients
Accounting Policies: The schedule of expenditures of federal awards (the "Schedule") includes federal activity of Western Illinois Regional Council - Community Action Agency 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 Western Illinois Regional Council - Community Action Agency, it is not intended to and does not present the financial position, changes in net assets, or cash flows of Western Illinois Regional Council - Community Action Agency. Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following, as applicable, the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Negative amounts shown on the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years.
De Minimis Rate Used: N
Rate Explanation: Western Illinois Regional Council - Community Action Agency has not elected to use the 10-percent de minimus indirect cost rate as allowed under the Uniform Guidance.
Western Illinois Regional Council - Community Action Agency does not have any subrecipients and therefore has not incurred subrecipient expenditures.
Title: Balance of Outstanding Loan
Accounting Policies: The schedule of expenditures of federal awards (the "Schedule") includes federal activity of Western Illinois Regional Council - Community Action Agency 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 Western Illinois Regional Council - Community Action Agency, it is not intended to and does not present the financial position, changes in net assets, or cash flows of Western Illinois Regional Council - Community Action Agency. Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following, as applicable, the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Negative amounts shown on the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years.
De Minimis Rate Used: N
Rate Explanation: Western Illinois Regional Council - Community Action Agency has not elected to use the 10-percent de minimus indirect cost rate as allowed under the Uniform Guidance.
The federal expenditures under AL #10.766 represent the outstanding balance with USDA on the Community Facilities Loans and Grants. Loans outstanding at the beginning of the year and loans made during the year are included in the federal expenditures presented in the schedule. The balance of loans outstanding at December 31, 2023, consist of:
Program Name Assistance Listing Oustanding Balance
Community Facilities Loans and Grants 10.766 $1,423,285