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: N
Rate Explanation: Anne Arundel County Community Action Agency, Inc. has not elected to utilize the ten percent (10%) de minimis cost rate, as provided under OMB Uniform Guidance.
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal grant activity of Anne Arundel County Community Action Agency, 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 (CFR) 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 Anne Arundel County Community Action Agency, Inc., it is not intended to and does not present the financial position, changes in net assets, or cash flows of the Agency.
Title: Sumary of Significant Accounting Policies
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: N
Rate Explanation: Anne Arundel County Community Action Agency, Inc. has not elected to utilize the ten percent (10%) de minimis cost rate, as provided under OMB Uniform Guidance.
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.
Title: Indirect Costs
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: N
Rate Explanation: Anne Arundel County Community Action Agency, Inc. has not elected to utilize the ten percent (10%) de minimis cost rate, as provided under OMB Uniform Guidance.
Anne Arundel County Community Action Agency, Inc. has not elected to utilize the ten percent (10%) de minimis cost rate, as provided under OMB Uniform Guidance.
Title: Reconciliation of Statement of Activities
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: N
Rate Explanation: Anne Arundel County Community Action Agency, Inc. has not elected to utilize the ten percent (10%) de minimis cost rate, as provided under OMB Uniform Guidance.
The schedule reports total Federal expenditures of $3,655,754 for 2024; this amount consists of the following as reflected within the Statements of Activities:
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, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: Anne Arundel County Community Action Agency, Inc. has not elected to utilize the ten percent (10%) de minimis cost rate, as provided under OMB Uniform Guidance.
The Agency did not provide any federal funding to sub-recipients during the year.