Title: Note C - Sub-Recipients
Accounting Policies: The accompanying schedule of expenditures of federal awards (SEFA) includes the federal grant activity of the Livingston Council on Aging 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 (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards.
De Minimis Rate Used: N
Rate Explanation: The Council did not elect to use the 10% de minimis indirect cost rate during the year ended June 30, 2024.
The Council did not pass-through any of its federal awards to a sub-recipients during the year ended June 30, 2024.
Title: Note D - Non-Cash Assistance
Accounting Policies: The accompanying schedule of expenditures of federal awards (SEFA) includes the federal grant activity of the Livingston Council on Aging 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 (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards.
De Minimis Rate Used: N
Rate Explanation: The Council did not elect to use the 10% de minimis indirect cost rate during the year ended June 30, 2024.
No federal non-cash assistance was received or expended during the year ended June 30, 2024.
Title: Note E - Relationship to Financial Statements
Accounting Policies: The accompanying schedule of expenditures of federal awards (SEFA) includes the federal grant activity of the Livingston Council on Aging 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 (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards.
De Minimis Rate Used: N
Rate Explanation: The Council did not elect to use the 10% de minimis indirect cost rate during the year ended June 30, 2024.
The schedule of expenditures of federal awards was prepared from the same accounting records as were used to prepare the financial statements. Differences between amounts reported in the SEFA and the financial statements may exist due to different accounting basis used for financial reporting. These revenues are included within the intergovernmental revenues reported in the Statement of Revenues, Expenditures, and Changes in Fund Balances (Statement E) as follows: Fund Governor's Office of Elderly Affairs Livingston Parish Council (Section 5311) Total
Statement E - Revenues - Intergovernmental:
General Fund $ 355,018 $ - $ 355,017
Title III B 155,726 283,725 439,451
Title III C-1 228,650 - 228,650
Title III C-2 238,513 - 238,513
Non-Major 117,592 - 117,592
Total Statement E - Revenues -
Intergovernmental 1,095,499 283,725 1,379,224
Less: State Grants (447,788) - (447,788)
Total Expenditures of Federal Awards $ 647,711 $ 283,725 $ 931,436