Notes to SEFA
Accounting Policies: The “Schedule of Expenditures of Federal and State Awards” includes the federal and state grant activity of Partners for Community Development, Inc. and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of the Uniform Guidance and the State Single Audit Guidelines. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the consolidated financial statements.
De Minimis Rate Used: N
Rate Explanation: Partners for Community Development, Inc. has elected not to apply the 10% de minimis cost rate to awards for the year ended June 30, 2024.