Notes to SEFA
Accounting Policies: NOTE A-BASIS OF PRESENTATION The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Community Action Board of Santa Cruz County, Inc (the Organization) underprograms of the federal government for the year ended December 31, 2022. The information in this Schedule is presented in accordance with the requirements of Title 2 U.S. Code of FederalRegulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selectedportion of the operations of the Organization, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the Organization.NOTE B-SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES(1) Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in OMB Circular A-122, Cost Principles for Non-profit Organizations and the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.(2) The Organization has elected not to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.(3) There were no pass-through to subrecipients for any of the above Federal Awards.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.