Notes to SEFA
Title: Basis of Presentation
Accounting Policies: Expenditures reported in the Schedule are reported on the accrual basis of accounting, which conform to accounting principles generally accepted in the United States of America. Such expenditures are recognized following the cost principles contained the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: Community Action Partnership of Hennepin County has elected not to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Community Action Partnership of Hennepin County under programs of the federal government for year ended December 31, 2024. The information in this Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations 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 Community Action Partnership of Hennepin County, it is not intended to and does not present the financial position, changes in net assets or cash flows of Community Action Partnership of Hennepin County.
Title: Pass-Through Entity Identification Numbers
Accounting Policies: Expenditures reported in the Schedule are reported on the accrual basis of accounting, which conform to accounting principles generally accepted in the United States of America. Such expenditures are recognized following the cost principles contained the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: Community Action Partnership of Hennepin County has elected not to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.
Certain programs, grants and/or awards included in the schedule are missing the pass-through entity
identification numbers. The missing numbers are due to the pass-through entities not providing the
pass-through entity identification numbers.
Title: Eligibility Determinations
Accounting Policies: Expenditures reported in the Schedule are reported on the accrual basis of accounting, which conform to accounting principles generally accepted in the United States of America. Such expenditures are recognized following the cost principles contained the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: Community Action Partnership of Hennepin County has elected not to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.
Community Action Partnership of Hennepin County assists the State of Minnesota with eligibility
determinations for the Low-Income Home Energy Assistance Program. Client benefits for Low-Income
Home Energy Assistance participants are subsequently paid directly by the State of Minnesota. For
the year ended December 31, 2024, client benefits in the amount of $13,756,621 were paid by the
state. These amounts are considered federal awards to Community Action Partnership of Hennepin
County and are included in the schedule of expenditures of federal awards but are not included in
the statement of activities.
Title: Reconciliation to the Statement of Activities
Accounting Policies: Expenditures reported in the Schedule are reported on the accrual basis of accounting, which conform to accounting principles generally accepted in the United States of America. Such expenditures are recognized following the cost principles contained the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: Community Action Partnership of Hennepin County has elected not to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.
Community Action Partnership of Hennepin County received government grants and contracts, including funds from the following for the year ended December 31, 2024: