Audit 347816

Accounting Policies: 1. Basis of Accounting The accompanying schedule of expenditures of federal awards includes the federal grant activity of Community Action Organization and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2 CFR Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements. 2. Indirect Cost Rate The Organization is using the 10% de minimis indirect cost rate under the Uniform Guidance. 3. Assistance Listing Programs The program titles and Assistance Listing (“AL”) numbers were obtained from the federal or pass-through grantor or sam.gov. De Minimis Rate Used: Y Rate Explanation: The Organization is using the 10% de minimis indirect cost rate under the Uniform Guidance.