Notes to SEFA
Title: Basis of Presentation
Accounting Policies: 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 where certain types of expenditures
are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: AgeWays Nonprofit Senior Services has elected not to use the 10 percent de minimis indirect cost rate as allowed
under the Uniform Guidance.
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity
of AgeWays Nonprofit Senior Services under programs of the federal government for the year ended September
30, 2024. 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). Because the Schedule presents only a selected portion of the
operations of AgeWays Nonprofit Senior Services, it is not intended to and does not present the financial position,
changes in net assets, or cash flows of AgeWays Nonprofit Senior Services.
Title: Reconciliation to the Financial Statements
Accounting Policies: 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 where certain types of expenditures
are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: AgeWays Nonprofit Senior Services has elected not to use the 10 percent de minimis indirect cost rate as allowed
under the Uniform Guidance.
The federal revenues per the financial statements are in agreement with the schedule of expenditures of federal
awards.
Title: Subrecipients
Accounting Policies: 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 where certain types of expenditures
are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: AgeWays Nonprofit Senior Services has elected not to use the 10 percent de minimis indirect cost rate as allowed
under the Uniform Guidance.
No amounts were provided to subrecipients.