Notes to SEFA
Title: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Accounting Policies: ACCOUNTING POLICIES, FUNDS RETURNED TO PA DEPT OF AGING
De Minimis Rate Used: N
Rate Explanation: DE MINIMIS COST RATE NOT USED
THE ACCOMPANYING SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS INCLUDES ALL SIGNIFICANT FEDERALLY FUNDED GRANT PROGRAMS OF THE AGENCY AND HAS BEEN PREPARED ON THE ACCRUAL BASIS OF ACCOUNTING
Title: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Accounting Policies: ACCOUNTING POLICIES, FUNDS RETURNED TO PA DEPT OF AGING
De Minimis Rate Used: N
Rate Explanation: DE MINIMIS COST RATE NOT USED
VARIOUS REIMBURSEMENT PROCEDURES ARE USED FOR FEDERAL AWARDS RECEIVED BY THE AGENCY. TIMING DIFFERENCES MAY OCCUR BETWEEN EXPENSES AND REIMBURSEMENTS DURING THE YEAR. ACCRUED REVENUES AT YEAR END REPRESENT AN EXCESS OF EXPENSES OVER CASH REIMBURSEMENTS RECEIVED. DEFERRED REVENUES AT YEAR END REPRESENT AN EXCESS OF CASH RECEIVED OVER ELIGIBLE PROGRAM EXPENSES.
Title: FUNDS RETURNED TO PA DEPT OF AGING
Accounting Policies: ACCOUNTING POLICIES, FUNDS RETURNED TO PA DEPT OF AGING
De Minimis Rate Used: N
Rate Explanation: DE MINIMIS COST RATE NOT USED
IN SEPTEMBER 2023, THE AGENCY RETURNED $139,593 OF UNSPENT GRANT FUNDS FOR THE YEAR ENDED JUNE 30, 2023 TO THE PA DEPT OF AGING
Title: SUBSEQUENT EVENT
Accounting Policies: ACCOUNTING POLICIES, FUNDS RETURNED TO PA DEPT OF AGING
De Minimis Rate Used: N
Rate Explanation: DE MINIMIS COST RATE NOT USED
SUBSEQUENT TO JUNE 30,2024, THE AGENCY RETURNED $51,230 OF UNSPENT GRANT FUNDS FOR THE YEAR ENDED JUNE 30, 2024 TO THE PA DEPT OF AGING