Notes to SEFA
Title: General
Accounting Policies: The accompanying Schedule of Expenditures of Federal and Non-Federal Awards is presented using 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 Plus, Inc. elected to use the 10% de minimis cost rate as allowed under the Uniform Guidance.
The accompanying Schedule of Expenditures of Federal and Non-Federal Awards (the Schedule) includes the federal and non-federal award activity of Senior Services Plus, Inc. under programs of the federal government for the year ended September 30, 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 (Uniform Guidance). The Schedule presents the activity of all federal award programs of Senior Services Plus, Inc. The reporting entity is defined in Note 1 to the financial statements.
Title: Noncash Assitance, Federal Insurance and Loans/Loan Guarantees
Accounting Policies: The accompanying Schedule of Expenditures of Federal and Non-Federal Awards is presented using 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 Plus, Inc. elected to use the 10% de minimis cost rate as allowed under the Uniform Guidance.
Senior Services Plus, Inc. did not receive any noncash assistance, federal guaranteed loans or federal insurance for any of its programs for the year ended September 30, 2024.
Title: Subrecipent Monitoring
Accounting Policies: The accompanying Schedule of Expenditures of Federal and Non-Federal Awards is presented using 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 Plus, Inc. elected to use the 10% de minimis cost rate as allowed under the Uniform Guidance.
Senior Services Plus, Inc. did not pass through any of its federal funds to subrecipients during the year ended September 30, 2024.