Notes to SEFA
Title: NOTE A – PURPOSE OF THE SCHEDULE
Accounting Policies: See attached
De Minimis Rate Used: N
Rate Explanation: See attached
The accompanying schedule of expenditures of federal awards presents the activity of all federal financial assistance programs of Community Counseling Solutions (the organization). All federal financial assistance received by the organization directly from federal agencies, as well as federal financial assistance passed through other government agencies is included on the schedule. Because the schedule presents only a selected portion of the activities of the organization, it is not intended to and does not present the financial position or changes in fund net position of the organization.
Title: NOTE B - SIGNIFICANT ACCOUNTING POLICIES
Accounting Policies: See attached
De Minimis Rate Used: N
Rate Explanation: See attached
Basis of presentation: The information in this schedule is presented in accordance with the requirements of OMB Uniform Guidance:
Cost Principles, Audit and Administrative Requirements for Federal Awards. Federal financial assistance: Pursuant to the OMB Uniform Guidance: Cost Principles, Audit and Administrative Requirements for Federal Awards, federal financial assistance is defined as assistance provided by a federal agency, either directly or indirectly, in the form of grants, contracts, cooperative agreements, loans, loan guarantees, property, interest subsidies, insurance, or direct appropriations. Accordingly, non-monetary federal assistance, including federal surplus property, is included in federal financial assistance and, therefore, is reported on the schedule, if applicable. Federal financial assistance does not include direct federal cash assistance to individuals. Solicited contracts between the state and federal government for which the federal government procures tangible goods or services are not considered to be federal financial assistance. Major programs: OMB Uniform Guidance: Cost Principles, Audit and Administrative Requirements for Federal Awards establish criteria to be used in defining major federal financial assistance programs. Major programs for the organization are those programs selected for testing by the auditor using a risk-assessment model, as well as certain minimum expenditure requirements, as outlined in OMB Uniform Guidance: Cost Principles, Audit and administrative Requirements for Federal Awards. Programs with similar requirements may be grouped into a cluster for testing purposes. Reporting entity: The reporting entity is fully described in the notes to financial statements. The schedule includes all federal programs administered by the organization for the year ended June 30, 2024. Revenue and expenditure recognition: The receipt and expenditure of federal awards are accounted for using the accrual basis of accounting in accordance with accounting principles generally accepted in the United States of America. Indirect cost rate: The organization has not elected to use the 10% de minimis indirect cost rate.