Notes to SEFA
Title: Basis of Presentation
Accounting Policies: The accompanying schedule of expenditures of federal awards and state financial assistance includes the federal and state grant
activity of Marion Senior Services, Inc., and is presented on the accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: MSS used a direct cost allocation method
he accompanying schedule of expenditures of federal awards and state financial assistance includes the federal and state grant
activity of Marion Senior Services, Inc., and is presented on the accrual basis of accounting. 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 ; and Chapter 10.650, Rules of the Auditor General .
Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in, the preparation of the
financial statements.