Notes to SEFA
Title: Note 3: LOAN
Accounting Policies: Basis of Presentation – This schedule includes the activity of CommCare Corporation (the Company) 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 (Uniform Guidance).
De Minimis Rate Used: N
Rate Explanation: The Company has not elected to use the 10% de minimis indirect cost rate allowed under Uniform Guidance.
The Company did not expend federal awards related to loans or loan guarantees during the year.
Title: Note 4: FEDERALLY FUNDED INSURANCE
Accounting Policies: Basis of Presentation – This schedule includes the activity of CommCare Corporation (the Company) 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 (Uniform Guidance).
De Minimis Rate Used: N
Rate Explanation: The Company has not elected to use the 10% de minimis indirect cost rate allowed under Uniform Guidance.
The Company has no federally funded insurance.
Title: Note 5: NONCASH ASSISTANCE
Accounting Policies: Basis of Presentation – This schedule includes the activity of CommCare Corporation (the Company) 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 (Uniform Guidance).
De Minimis Rate Used: N
Rate Explanation: The Company has not elected to use the 10% de minimis indirect cost rate allowed under Uniform Guidance.
The Company did not receive any federal noncash assistance for the fiscal year ended June 30, 2024.
Title: Note 6: FEMA EXPENDITURES
Accounting Policies: Basis of Presentation – This schedule includes the activity of CommCare Corporation (the Company) 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 (Uniform Guidance).
De Minimis Rate Used: N
Rate Explanation: The Company has not elected to use the 10% de minimis indirect cost rate allowed under Uniform Guidance.
The recognition and timing of FEMA expenditures and the obligation of funding differs from the fiscal year end of the Company. The federal expenditures for the year ended June 30, 2024 includes $1,008,340, $104,191, $220,490 and $771,805 of expenditures reported for the years ended June 30, 2020, 2021, 2022, 2023, respectively, on the consolidated statements of revenues, expenses and changes in net assets.