Notes to SEFA
Title: NOTE A: BASIS OF PRESENTATION
Accounting Policies: Accrual Basis
De Minimis Rate Used: N
Rate Explanation: The auditee elected not to use the de minimis cost rate.
The accompanying schedule of federal and state awards include the federal and state grant activity of Senior
Services, Inc. and is presented on the accrual basis. The information in the 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 and N. C. General Statute 143C‐6‐23. Therefore, some
amounts presented in the schedule may differ from amounts presented in, or used in the preparation of, the basic
financial statements.
Title: NOTE B: INDIRECT COST RATE
Accounting Policies: Accrual Basis
De Minimis Rate Used: N
Rate Explanation: The auditee elected not to use the de minimis cost rate.
Senior Services, Inc. has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform
Guidance.