Notes to SEFA
Title: BASIS OF PRESENTATION
Accounting Policies: Notes to SEFA
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate.
The schedule of expenditures of federal awards includes the federal grant activity of Community First, Inc. and is presented, where applicable, 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 Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some of the amounts presented in this schedule may differ from amounts presented in, or used in the preparation of the basic financial statements.
Title: SUBRECIPIENTS
Accounting Policies: Notes to SEFA
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate.
Community First, Inc. did not provide any of the federal awards listed in the schedule of expenditures of federal awards to subrecipients.
Title: OVERSIGHT AGENCY
Accounting Policies: Notes to SEFA
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate.
The U.S. Department Health and Human Services has been designated as Community First, Inc.’s oversight agency.
Title: INDIRECT COST ALLOCATION
Accounting Policies: Notes to SEFA
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate.
Community First, Inc. has not entered into an approved indirect cost negotiation agreement covering the year ended December 31, 2023. Community First, Inc. has elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance during year ended December 31, 2023.