Notes to SEFA
Title: Basis of Presentation
Accounting Policies: A. Basis of Presentation
The accompanying schedule of expenditures of federal awards includes the federal grant activity of
Will County Center for Community Concerns and is presented on the accrual basis of accounting.
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). Therefore, some amounts presented in
this schedule may differ from amounts presented in, or used in the preparation of the basic financial
statements. All allowable general and administrative costs are allocated to programs using a base
that results in an equitable distribution.
B. Explanation of Expenditures
The Center did not receive any federal insurance or federal non-cash assistance.
De Minimis Rate Used: N
Rate Explanation: All allowable general and administrative costs are allocated to programs using a base
that results in an equitable distribution.
The accompanying schedule of expenditures of federal awards includes the federal grant activity of
Will County Center for Community Concerns and is presented on the accrual basis of accounting.
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). Therefore, some amounts presented in
this schedule may differ from amounts presented in, or used in the preparation of the basic financial
statements. All allowable general and administrative costs are allocated to programs using a base
that results in an equitable distribution
Title: Explanation fo Expenditures
Accounting Policies: A. Basis of Presentation
The accompanying schedule of expenditures of federal awards includes the federal grant activity of
Will County Center for Community Concerns and is presented on the accrual basis of accounting.
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). Therefore, some amounts presented in
this schedule may differ from amounts presented in, or used in the preparation of the basic financial
statements. All allowable general and administrative costs are allocated to programs using a base
that results in an equitable distribution.
B. Explanation of Expenditures
The Center did not receive any federal insurance or federal non-cash assistance.
De Minimis Rate Used: N
Rate Explanation: All allowable general and administrative costs are allocated to programs using a base
that results in an equitable distribution.
The Center did not receive any federal insurance or federal non-cash assistance.