Notes to SEFA
Title: Subrecipients
Accounting Policies: Expenditures 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, wherein certain types of expenditures are not allowable or are limited as to reimbursement.Indirect Cost Rate Cornerstone Services, Inc. and Subsidiaries has elected to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance. Pass-through Entity Project/Contract Number Pass-through entity project/contract numbers are presented where available
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate.
Cornerstone Services, Inc. and Subsidiaries provided no federal awards to subrecipients during the fiscal year ended June 30, 2022.
Title: Nonmonetary Assistance
Accounting Policies: Expenditures 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, wherein certain types of expenditures are not allowable or are limited as to reimbursement.Indirect Cost Rate Cornerstone Services, Inc. and Subsidiaries has elected to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance. Pass-through Entity Project/Contract Number Pass-through entity project/contract numbers are presented where available
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate.
Cornerstone Services, Inc. and Subsidiaries received no federal awards in the form of nonmonetary assistance during the fiscal year ended June 30, 2022.
Title: Insurance and Loans or Loan Guarantees
Accounting Policies: Expenditures 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, wherein certain types of expenditures are not allowable or are limited as to reimbursement.Indirect Cost Rate Cornerstone Services, Inc. and Subsidiaries has elected to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance. Pass-through Entity Project/Contract Number Pass-through entity project/contract numbers are presented where available
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate.
During the year ended June 30, 2022, Cornerstone Services, Inc. and Subsidiaries received no insurance, loans, loan guarantees or other federal assistance for the purpose of administering federal programs.