Audit 359083

Accounting Policies: Note 1. Basis of Presentation The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Macon-Russell Community Action Agency, Inc. under programs of the federal government for the year ended October 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 Macon-Russell Community Action Agency, Inc., it is not intended to and does not present the financial position, changes in net assets or cash flows of Macon- Russell Community Action Agency, Inc. Note 2. Summary of Significant Accounting Policies 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. Negative amounts shown on the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years. De Minimis Rate Used: Both Rate Explanation: Macon-Russell Community Action Agency, Inc. uses the indirect cost rate as allowed by each contract, if stated. Otherwise, the Organization has elected to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.