Title: Note 1. Basis of Presentation
Accounting Policies: Accrual basis of accounting. Cost principles contained in the Uniform Guidance
De Minimis Rate Used: Y
Rate Explanation: Auditee chose to use the 10% de minimis cost rate.
The accompanying schedule of expenditures of federal awards (the “Schedule”) includes the federal award activity of Take Action
Title: Note 1. Basis of Presentation
Accounting Policies: Accrual basis of accounting. Cost principles contained in the Uniform Guidance
De Minimis Rate Used: Y
Rate Explanation: Auditee chose to use the 10% de minimis cost rate.
Today under programs of the federal government for the year ended June 30, 2024. The information in this Schedule is presented
Title: Note 1. Basis Presentation
Accounting Policies: Accrual basis of accounting. Cost principles contained in the Uniform Guidance
De Minimis Rate Used: Y
Rate Explanation: Auditee chose to use the 10% de minimis cost rate.
in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost
Title: Note 1. Basis Presentation
Accounting Policies: Accrual basis of accounting. Cost principles contained in the Uniform Guidance
De Minimis Rate Used: Y
Rate Explanation: Auditee chose to use the 10% de minimis cost rate.
Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion
Title: Note 1. Basis Presentation
Accounting Policies: Accrual basis of accounting. Cost principles contained in the Uniform Guidance
De Minimis Rate Used: Y
Rate Explanation: Auditee chose to use the 10% de minimis cost rate.
of the operations of Take Action Today, it is not intended to and does not present the financial position, changes in net assets, or
Title: Note 1. Basis Presentation
Accounting Policies: Accrual basis of accounting. Cost principles contained in the Uniform Guidance
De Minimis Rate Used: Y
Rate Explanation: Auditee chose to use the 10% de minimis cost rate.
cash flow of Take Action Today.
Title: Note 2. Summary of Significant Accounting Policies
Accounting Policies: Accrual basis of accounting. Cost principles contained in the Uniform Guidance
De Minimis Rate Used: Y
Rate Explanation: Auditee chose to use the 10% de minimis cost rate.
Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following
Title: Note 2. Summary of Significant Accounting Policies
Accounting Policies: Accrual basis of accounting. Cost principles contained in the Uniform Guidance
De Minimis Rate Used: Y
Rate Explanation: Auditee chose to use the 10% de minimis cost rate.
the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or limited as to
Title: Note 2. Summary of Significant Accounting Policies
Accounting Policies: Accrual basis of accounting. Cost principles contained in the Uniform Guidance
De Minimis Rate Used: Y
Rate Explanation: Auditee chose to use the 10% de minimis cost rate.
reimbursement. Negative amounts shown on the Schedule represent adjustments or credits made in the normal course of
Title: Note 2. Summary of Significant Accounting Policies
Accounting Policies: Accrual basis of accounting. Cost principles contained in the Uniform Guidance
De Minimis Rate Used: Y
Rate Explanation: Auditee chose to use the 10% de minimis cost rate.
business to amounts reported as expenditures in prior years.
Title: Note 3. Indirect Cost Rate
Accounting Policies: Accrual basis of accounting. Cost principles contained in the Uniform Guidance
De Minimis Rate Used: Y
Rate Explanation: Auditee chose to use the 10% de minimis cost rate.
Take Action Today has elected to use the 10-percent de-minimis indirect cost rate allowed under the Uniform Guidance.