Notes to SEFA
Accounting Policies: NOTE 1 - BASIS OF PRESENTATION - The accompanying schedule of expenditures of federal awards (the Schedule) presents the federal grant expenditures of LCE for the year ended December 31, 2022. The Schedule was prepared on the accrual basis of accounting and is in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Funding from the District of Columbia Department of Aging and Community Living (DACL) includes both federal pass-through and District of Columbia funds. Due to the nature of the award, LCE is unable to separately track the two funding sources in its joint program books and records. For the presentation of the accompanying schedule of expenditures of federal awards, LCE has consistently estimated the allocation between federal and non-federal sources based on the percentage of funding coming from federal sourcesas a percentage of total funds for each spending category as stipulated specifically within the grant agreements. These commingled funds originated from the following sources: See the Notes to the SEFA for chart/table.
De Minimis Rate Used: N
Rate Explanation: NOTE 2 - INDIRECT COSTS - LCE did not utilize the 10% de minimis indirect cost rate described in 2 CFR 200.414, Indirect (F&A) Costs of the Uniform Guidance.