Notes to SEFA
Title: 1. Basis of Presentation
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual
basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited
as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The auditee has not elected to use the 10% de minimis indirect
cost rate.
The accompanying schedule of expenditures of federal awards (the Schedule) includes the
federal award activity of Harford Community Action Agency, Inc. and Subsidiaries under
programs of the federal government for the year ended June 30, 2024. 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 Harford Community Action Agency, Inc. and
Subsidiaries, it is not intended to and does not present the consolidated financial position,
changes in net assets, or cash flows of Harford Community Action Agency, Inc. and
Subsidiaries.
Title: 2. Summary of Significant Accounting Policies
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual
basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited
as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The auditee has not elected to use the 10% de minimis indirect
cost rate.
Expenditures reported on the Schedule are reported on the accrual basis of accounting.
Such expenditures are recognized following the cost principles contained in the Uniform
Guidance, wherein certain types of expenditures are not allowable or are limited as to
reimbursement.
Title: 3. Indirect Cost Rate
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual
basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited
as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The auditee has not elected to use the 10% de minimis indirect
cost rate.
Harford Community Action Agency, Inc. and Subsidiaries has not elected to use the 10% de
minimis indirect cost rate allowed under the Uniform Guidance.