Notes to SEFA
Title: Note 2 - NON-MONETARY ASSISTANCE/REVOLVING LOANS
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of Senior Services of Central Illinois, Inc. (the Center) and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of the Uniform Guidance. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in, our preparation of the financial statements. 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.
De Minimis Rate Used: Y
Rate Explanation: Senior Services of Central Illinois, Inc. has elected to use the ten percent de minimis indirect cost rate as allowed under the Uniform Guidance.
The Center did not receive any non-monetary assistance from federal and pass-through agencies or had any outstanding revolving loans for the year ended September 30, 2024.
Title: Note 3 - SUBRECIPIENTS
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of Senior Services of Central Illinois, Inc. (the Center) and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of the Uniform Guidance. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in, our preparation of the financial statements. 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.
De Minimis Rate Used: Y
Rate Explanation: Senior Services of Central Illinois, Inc. has elected to use the ten percent de minimis indirect cost rate as allowed under the Uniform Guidance.
The Center did not provide any federal awards to subrecipients for the year ending September 30, 2024.
Title: Note 4 - INSURANCE PROVIDED BY FEDERAL AGENCIES
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of Senior Services of Central Illinois, Inc. (the Center) and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of the Uniform Guidance. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in, our preparation of the financial statements. 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.
De Minimis Rate Used: Y
Rate Explanation: Senior Services of Central Illinois, Inc. has elected to use the ten percent de minimis indirect cost rate as allowed under the Uniform Guidance.
The Center did not receive any insurance coverage provided by a federal agency during the year ending September 30, 2024.