Title: BASIS OF PRESENTATION
Accounting Policies: The accompanying Schedule of Expenditures of Federal, State and City Awards (the "Schedule") includes the grant activity of Philadelphia Corporation for Aging (the "Corporation") and is presented on the accrual basis of accounting. The information in the 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) and the City of Philadelphia’s Subrecipient Audit Guide. Therefore, some amounts presented in the Schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements. The Corporation utilizes a negotiated indirect cost rate and has not elected to use the 10% de minimis cost rate.
De Minimis Rate Used: N
Rate Explanation: The Corporation utilizes a negotiated indirect cost rate and has not elected to use the 10% de minimis cost rate.
The accompanying Schedule of Expenditures of Federal, State and City Awards (the "Schedule") includes the grant activity of Philadelphia Corporation for Aging (the "Corporation") and is presented on the accrual basis of accounting. The information in the 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) and the City of Philadelphia’s Subrecipient Audit Guide. Therefore, some amounts presented in the Schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements. The Corporation utilizes a negotiated indirect cost rate and has not elected to use the 10% de minimis cost rate.
Title: SUBRECIPIENTS
Accounting Policies: The accompanying Schedule of Expenditures of Federal, State and City Awards (the "Schedule") includes the grant activity of Philadelphia Corporation for Aging (the "Corporation") and is presented on the accrual basis of accounting. The information in the 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) and the City of Philadelphia’s Subrecipient Audit Guide. Therefore, some amounts presented in the Schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements. The Corporation utilizes a negotiated indirect cost rate and has not elected to use the 10% de minimis cost rate.
De Minimis Rate Used: N
Rate Explanation: The Corporation utilizes a negotiated indirect cost rate and has not elected to use the 10% de minimis cost rate.
Of the federal expenditures presented in the Schedule, the Corporation provided federal awards to subrecipients for the year ended June 30, 2024, as follows: Center for Advocacy for the Rights Interests of the Elderly (CARIE) $194,579 , Caring People Alliance 172,073, Catholic Health Care Services 703,639, Center in the Park 337,427, Premier Years - Albert Einstein Healthcare Networ 69,406, Intercommunity Action Inc. 196,301, Klein Jewish Community Center 248,643, Lutheran Social Mission Society 211,692, Lutheran Child & Family Services of Eastern PA 297,258, Mayor's Commissino on Services for the Agin 728,303, New Courtland 582,420, North Broad Street Senior Center 268,214, Northeast Senior Center 203,466, On Lok House 76,356, City of Philadelphia Department of Parks and Recreation 480,096