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, wherein certain types of
expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: Y
Rate Explanation: HRCAP has elected to use the 10 percent de minimis rate when approved by grantors.
The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the federal award
activity of Hampton Roads Community Action Program, Inc. under programs of the federal government for
the year ended June 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 Hampton Roads Community Action Program Inc., it is
not intended to and does not present the financial position, change in net assets, or cash flows of Hampton
Roads Community Action Program, Inc.
Title: Sub-recipients
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, wherein certain types of
expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: Y
Rate Explanation: HRCAP has elected to use the 10 percent de minimis rate when approved by grantors.
No funds were passed through or provided to sub-recipients during the year ended June 30, 2024.