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: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The accompanying schedule of expenditures of federal awards (the “Schedule”) includes the federal award
activity of Rogers Park Community Council DBA Northside Community Resources under programs of the
federal government for the year ended June 30, 2024. The information in this schedule is presented in
accordance with requirements of Title 2 US. 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 the Council, it is
not intended to, and does not, present the financial position, changes in net assets or cash flows of the
Council.
Title: Summary 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: The auditee did not use the de minimis cost rate.
l. 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.
2. Rogers Park Community Council DBA Northside Community Resources has elected not to use the
10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.