Notes to SEFA
Title: NOTE B - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Accounting Policies: Accrual Basis Method
De Minimis Rate Used: N
Rate Explanation: Auditee elected not to use the de minimis cost rate
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. Pass-through entity identifying numbers are presented where available. The Organization has elected not to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.
Title: NOTE A - BASIS OF PRESENTATION
Accounting Policies: Accrual Basis Method
De Minimis Rate Used: N
Rate Explanation: Auditee elected not to use the de minimis cost rate
The accompanying Schedule of Expenditures of Federal Awards include the federal grant activity of Community Service, Inc. under programs of the federal government for the year ended June 30, 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 the Organization, it is not intended to and does not present the net position, changes in net position or cash flows of the Organization.