Title: 1. Purpose of the Schedule
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal awards activity of the Corporation prepared on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, the Uniform Guidance. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the Corporation’s financial statements.
De Minimis Rate Used: N
Rate Explanation: Columbia Gardens, Inc. does not use the 10% de minimis cost rate.
The accompanying Schedule of Expenditures of Federal Awards (the “Schedule”) is a supplementary schedule to Columbia Gardens, Inc.’s financial statements and is presented for purposes of additional analysis. Because the Schedule presents only a selected portion of the activities of Columbia Gardens, Inc., it is not intended to and does not present either the financial position, results of activities, or changes in net assets of Columbia Gardens, Inc.
Title: 2. Basis of Presentation
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal awards activity of the Corporation prepared on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, the Uniform Guidance. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the Corporation’s financial statements.
De Minimis Rate Used: N
Rate Explanation: Columbia Gardens, Inc. does not use the 10% de minimis cost rate.
The accompanying schedule of expenditures of federal awards includes the federal awards activity of the Corporation prepared on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, the Uniform Guidance. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the Corporation’s financial statements.
Title: 3. Federal Financial Assistance
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal awards activity of the Corporation prepared on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, the Uniform Guidance. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the Corporation’s financial statements.
De Minimis Rate Used: N
Rate Explanation: Columbia Gardens, Inc. does not use the 10% de minimis cost rate.
Pursuant to the Single Audit Act and Uniform Guidance, 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. Federal financial assistance does not include direct federal cash assistance to individuals.
The following programs have been identified as major programs for the year ended December 31, 2024: (SEE THE NOTES TO THE SEFA FOR CHART/TABLE)