Notes to SEFA
Accounting Policies: THE SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS INCLUDES THE FEDERAL GRANT ACTIVITY OF SCHUYLKILL COMMUNITY ACTION AND IS PRESENTED ON THE ACCRUAL BASIS OF ACCOUNTING. THE INFORMATION PRESENTED IS IN ACCORDANCE WITH THE REQUIREMENTS OF TITLE 2 US CODE OF FEDERAL REGULATIONS PART 200, UNIFORM ADMINISTRATIVE REQUIREMENTS, COST PRINCIPLES, AND AUDIT REQUIREMENTS FOR FEDERAL AWARDS. EXPENDITURES REPRESENT ONLY THE FEDERALLY FUNDED PORTIONS OF THE PROGRAMS. SOME AMOUNTS PRESENTED IN THIS SCHEDULE MAY DIFFER FROM AMOUNTS PRESENTED IN, OR USED IN THE PREPARATION OF, THE BASIC FINANCIAL STATEMENTS.
De Minimis Rate Used: N
Rate Explanation: SCHUYLKILL COMMUNITY ACTION DOES NOT USE AN INDIRECT COST RATE. COST ARE CONSIDERED DIRECT COST TO THE PROGRAMS, THEREFORE THE INDIRECT COST RAT IS 0%.