Notes to SEFA
Title: 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 and/or OMB Circular A-87, Cost Principles for State, Local, and Indian Tribal Governments, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: SAAA did not elect to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.
The accompanying schedule of expenditures of federal awards (the “Schedule”) includes the federal award activity of Southern Area Agency on Aging (“SAAA”) under programs of the federal government for the year ended September 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 Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of the Agency, it is not intended to and does not present the financial position, changes in net position, or cash flows of SAAA.
Title: Subrecipients
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 and/or OMB Circular A-87, Cost Principles for State, Local, and Indian Tribal Governments, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: SAAA did not elect to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.
Subcontractors for Southern Area Agency on Aging Services are used to provide some client services as allowed under the Older Americans Act. Service providers under OAA Section 212 (a) and (b) are for-profit entities that provide services such as personal care, adult daycare and respite for individual clients. The Office for Aging Services Division for Community Living approves all contracts/service agreements with for-profit providers. Services such as transportation, socialization and recreation, volunteer, congregate and home delivered meals are frequently provided using subcontractors (usually not-for-profit agencies) engaged by SAAA via a Request for Proposal process. Subcontractors in any capacity must adhere to SAAA's Aging Services Policies and Procedures and are monitored annually.