Audit 36047

Title: Reconciliation to the Financial Statements Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the federal award activity of Community Action of Greene County, Inc. and Affiliate under programs of the federal government for the year ended March 31, 2021. Federal awards received directly from the federal agencies as well as federal awards passed through other government agencies are included in the Schedule. 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 financial position, changes in financial position, or cash flows of the Organization. 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. De Minimis Rate Used: N Rate Explanation: The Organization uses a cost allocation methodology to recover administrative and other shared indirect costs that benefit multiple programs and functions. The Cost Allocation Plan is described in the organizations fiscal policies and procedures. The Organization has elected not to use the 10% De Minimis Indirect Cost Rate and has not negotiated an Indirect Cost Rate as allowed under the Uniform Guidance applied to overall expenditures. Federal Expenditures as reported in the SEFA $1,116,859. Reconciling Items: Contracts and Grants from Other Non-Federal Sources $408,810, plus, In-Kind from Other Non-Federal Sources $118,568, total Contract and Grants, and In-Kind Revenue Reported in the Consolidated Statement of Activities $1,644,237