Notes to SEFA
Accounting Policies: Basis of PresentationThe accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activityof Nevada Senior Services, Inc. (the Organization) under programs of the federal government for the year endedJune 30, 2022. The information in this schedule is presented in accordance with the requirements of Title 2 U.S.Code of Federal Regulations Part 200, Uniform Guidance Requirements, Cost Principles, and Audit Requirementsfor Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the operationsof the Organization, it is not intended to and does not present the financial position, changes in net assets, or cashflows of the Organization.Expenditures reported on the schedule are reported on the accrual basis of accounting. Such expenditures arerecognized following the cost principles contained in the Uniform Guidance, wherein certain types of expendituresare not allowable or are limited as to reimbursement. For cost reimbursement grants, federal awards are consideredexpended when the transactions occur. For program income, federal awards are considered expended when fundsare received or used.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.