Notes to SEFA
Title: Subrecipients
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards and List of Programs (the "Schedule") includes the federal grant activity under programs of the federal government for the year ended August 31, 2024. 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 (the "Uniform Guidance"). Because the Schedule presents only a selected portion of the operations of West Central Missouri Community Action Agency, it is not intended to and does not present the financial position, changes in net assets, or cash flows of West Central Missouri Community Action Agency.
Expenditures reported on this schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Pass-through entity identifying numbers are presented where available. Negative amounts shown on the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years.
De Minimis Rate Used: N
Rate Explanation: West Central Missouri Community Action Agency has not elected to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance.
West Central Missouri Community Action Agency does not have subrecipients or subrecipient expenditures.
Title: Loan balances
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards and List of Programs (the "Schedule") includes the federal grant activity under programs of the federal government for the year ended August 31, 2024. 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 (the "Uniform Guidance"). Because the Schedule presents only a selected portion of the operations of West Central Missouri Community Action Agency, it is not intended to and does not present the financial position, changes in net assets, or cash flows of West Central Missouri Community Action Agency.
Expenditures reported on this schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Pass-through entity identifying numbers are presented where available. Negative amounts shown on the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years.
De Minimis Rate Used: N
Rate Explanation: West Central Missouri Community Action Agency has not elected to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance.
Appleton Estates, Oaktree Villa, and Greenleaf Estates were financed by HUD Section 202 Mortgage notes. Balances and transactions relating to these programs are included West Central Missouri Community Action Agency’s basic financial statements. West Central Missouri Community Action also received RMAP loan funds. Loans outstanding at the beginning of the year plus any new loan funds received are included in the federal expenditures presented in the schedule. The balance of the loans outstanding at August 31, 2024 consists of:
Program Name AL # Outstandding Balance at August 31, 2024
Supportive Housing for the Elderly - Appleton Estates 14.157 $11,833
Supportive Housing for the Elderly - Oaktree Villa 14.157 $123,313
Supportive Housing for the Elderly - Greenleaf Estates 14.157 $261,947
Rural Microenterprise Assistance Program (RMAP) 10.870 $285,423