Title: Relationship to Financial Statements
Accounting Policies: Basis of Presentation : The accompanying Schedule of Expenditures of Federal Awards (the Schedule) has been prepared in accordance with 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). The purpose of the Schedule is to present a summary of those activities of the Cayuga/Seneca Community Action Agency, Inc. (the Agency) funded by the federal government or pass-through entities for the year ended July 31, 2024, using the accrual basis of accounting. For purposes of this Schedule, federal awards include assistance provided by a federal agency directly or indirectly in the form of grants, contracts, cooperative agreements, loans and loan guarantees, and other noncash assistance.
De Minimis Rate Used: N
Rate Explanation: Indirect costs are included in the reported expenditures to the extent they are included in the federal financial reports used as the source for the data presented. The Agency has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
Federal award revenues are reported in the Agency’s financial statements as government grants. The Agency’s financial statements are presented using the accrual basis. The Schedule presents only a selected portion of the activities of the Agency. It is not intended to, and does not, present either the financial position, statement of activities, or other changes in net assets of the Agency.
Title: Direct and Indirect Costs
Accounting Policies: Basis of Presentation : The accompanying Schedule of Expenditures of Federal Awards (the Schedule) has been prepared in accordance with 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). The purpose of the Schedule is to present a summary of those activities of the Cayuga/Seneca Community Action Agency, Inc. (the Agency) funded by the federal government or pass-through entities for the year ended July 31, 2024, using the accrual basis of accounting. For purposes of this Schedule, federal awards include assistance provided by a federal agency directly or indirectly in the form of grants, contracts, cooperative agreements, loans and loan guarantees, and other noncash assistance.
De Minimis Rate Used: N
Rate Explanation: Indirect costs are included in the reported expenditures to the extent they are included in the federal financial reports used as the source for the data presented. The Agency has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
Expenditures for direct and indirect costs are recognized as incurred using the accrual basis of accounting. Certain types of expenditures are not allowable, and so are not included, or are limited as to reimbursement.
Title: Non-Cash Assistance
Accounting Policies: Basis of Presentation : The accompanying Schedule of Expenditures of Federal Awards (the Schedule) has been prepared in accordance with 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). The purpose of the Schedule is to present a summary of those activities of the Cayuga/Seneca Community Action Agency, Inc. (the Agency) funded by the federal government or pass-through entities for the year ended July 31, 2024, using the accrual basis of accounting. For purposes of this Schedule, federal awards include assistance provided by a federal agency directly or indirectly in the form of grants, contracts, cooperative agreements, loans and loan guarantees, and other noncash assistance.
De Minimis Rate Used: N
Rate Explanation: Indirect costs are included in the reported expenditures to the extent they are included in the federal financial reports used as the source for the data presented. The Agency has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
There were no federal awards expended in the form of non-cash assistance by the Agency during the year ended July 31, 2024.
Title: Insurance
Accounting Policies: Basis of Presentation : The accompanying Schedule of Expenditures of Federal Awards (the Schedule) has been prepared in accordance with 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). The purpose of the Schedule is to present a summary of those activities of the Cayuga/Seneca Community Action Agency, Inc. (the Agency) funded by the federal government or pass-through entities for the year ended July 31, 2024, using the accrual basis of accounting. For purposes of this Schedule, federal awards include assistance provided by a federal agency directly or indirectly in the form of grants, contracts, cooperative agreements, loans and loan guarantees, and other noncash assistance.
De Minimis Rate Used: N
Rate Explanation: Indirect costs are included in the reported expenditures to the extent they are included in the federal financial reports used as the source for the data presented. The Agency has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
The Agency did not participate in any federal insurance programs as of July 31, 2024.
Title: Subrecipients
Accounting Policies: Basis of Presentation : The accompanying Schedule of Expenditures of Federal Awards (the Schedule) has been prepared in accordance with 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). The purpose of the Schedule is to present a summary of those activities of the Cayuga/Seneca Community Action Agency, Inc. (the Agency) funded by the federal government or pass-through entities for the year ended July 31, 2024, using the accrual basis of accounting. For purposes of this Schedule, federal awards include assistance provided by a federal agency directly or indirectly in the form of grants, contracts, cooperative agreements, loans and loan guarantees, and other noncash assistance.
De Minimis Rate Used: N
Rate Explanation: Indirect costs are included in the reported expenditures to the extent they are included in the federal financial reports used as the source for the data presented. The Agency has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
The Agency did not have any subrecipients during the year ended July 31, 2024.