Title: BASIS OF PRESENTATION
Accounting Policies: Expenditures reported on the Schedule are reported on the modified accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, and wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate. Indirect cost rate is determined by the Department of Health and Human Services.
The accompanying Schedule of Expenditures of Federal Awards includes the federal award activity of Northeast Nebraska Community Action Partnership, Inc. 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 Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of Northeast Nebraska Community Action Partnership, Inc., it is not intended to and does not present the financial position, changes in net assets, or cash flows of Northeast Nebraska Community Action Partnership, Inc.
Title: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Accounting Policies: Expenditures reported on the Schedule are reported on the modified accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, and wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate. Indirect cost rate is determined by the Department of Health and Human Services.
Expenditures reported on the Schedule are reported on the modified accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, and wherein certain types of expenditures are not allowable or are limited as to reimbursement.
Title: INDIRECT COST RATE
Accounting Policies: Expenditures reported on the Schedule are reported on the modified accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, and wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate. Indirect cost rate is determined by the Department of Health and Human Services.
Northeast Nebraska Community Action Partnership, Inc. has elected not to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.
Title: PASSED THROUGH TO SUBRECIPIENTS
Accounting Policies: Expenditures reported on the Schedule are reported on the modified accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, and wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate. Indirect cost rate is determined by the Department of Health and Human Services.
There were no awards passed through to subrecipients during the year ended September 30, 2024.
Title: FOOD AND VOUCHER DISTRIBUTION
Accounting Policies: Expenditures reported on the Schedule are reported on the modified accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, and wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate. Indirect cost rate is determined by the Department of Health and Human Services.
Non-monetary assistance is reported in the schedule at the fair market value of the commodities issued and vouchers cashed. The commodities and vouchers listed in Federal expenditures are as follows: Commodity Supplemental Food Program $ 155,711
Title: NON-FEDERAL EXPENDITURES
Accounting Policies: Expenditures reported on the Schedule are reported on the modified accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, and wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate. Indirect cost rate is determined by the Department of Health and Human Services.
The following chart reconciles expenditures per the Schedule of Expenditures of Federal Awards to Total Expenditures per the Schedule of Activities and Changes in Net Assets by Type “A” and “B” Programs. Schedule of
Expenditures of In-Kind Total
Federal Awards Contributions Other Transfers Expenditures
Head Start $ 4,414,570 $ 863,870 $ 1,263 - $ 5,279,703
IAP Immunization $ 155,472 - $ 7,422 - $ 162,894
Weatherization Assistance for
Low-Income Persons $ 403,799 - $ 364 - $ 404,163
Other Type "B" Programs $ 619,338 - $ 290,675 $ 27,158 $ 937,171