Title: Note 1: Basis of Accounting
Accounting Policies: The Schedule of Expenditures of Federal Awards (the SEFA) was prepared on the modified accrual
basis of accounting. The modified accrual basis differs from the full accrual basis of accounting in
that expenditures for property and equipment are expensed when incurred, rather than being
capitalized and depreciated over their useful lives, and expenditures for the principal portion of
debt service are expensed when incurred, rather than being applied to reduce the outstanding
principal portion of debt, which conforms to the basis of reporting to grantors for reimbursement
under the terms of the Council’s federal grants.
De Minimis Rate Used: N
Rate Explanation: The rate for indirect cost recoveries was 24.93% for the year ended September 30, 2024. The
Council was not eligible to use the 10% de minimis cost rate.
Basis of Presentation
The SEFA summarizes the federal expenditures of the Council under programs of the federal
government for the year ended September 30, 2024. The amounts reported as federal expenditures
were obtained from the Council’s general ledger. Because the SEFA presents only a selected portion
of the operations of the Council, it is not intended to and does not present the financial position
and changes in net position of the Council.
For purposes of the SEFA, federal awards include all grants, contracts, and similar agreements
entered into directly with the federal government and other pass-through entities. The Council has
obtained Assistance Listing Number (ALN) numbers to ensure that all programs have been identified
in the SEFA. ALN numbers have been appropriately listed by applicable programs. Federal programs
with different ALN numbers that are closely related because they share common compliance
requirements are defined as a cluster by the Uniform Guidance. Three clusters are separately
identified in the SEFA and are the following:
Aging Cluster - This cluster includes awards that assist agencies on aging in facilitating the
development and implementation of a comprehensive, coordinated system for providing longterm
care in home and community-based settings, in a manner responsive to the needs and
preferences of older individuals and their family caregivers.
SNAP Cluster - This cluster includes awards that assist agencies in providing assistance to lowincome
households to buy the food they need for good health.
Medicaid Cluster - This cluster includes awards that assist agencies providing payments for
medical assistance to low-income persons.
Title: Note 3: FEDERAL PASS-THROUGH FUNDS
Accounting Policies: The Schedule of Expenditures of Federal Awards (the SEFA) was prepared on the modified accrual
basis of accounting. The modified accrual basis differs from the full accrual basis of accounting in
that expenditures for property and equipment are expensed when incurred, rather than being
capitalized and depreciated over their useful lives, and expenditures for the principal portion of
debt service are expensed when incurred, rather than being applied to reduce the outstanding
principal portion of debt, which conforms to the basis of reporting to grantors for reimbursement
under the terms of the Council’s federal grants.
De Minimis Rate Used: N
Rate Explanation: The rate for indirect cost recoveries was 24.93% for the year ended September 30, 2024. The
Council was not eligible to use the 10% de minimis cost rate.
The Council is also the sub-recipient of federal funds that have been subjected to testing and are
reported as expenditures and listed as federal pass-through funds. Federal awards other than those
indicated as “pass-through” are considered direct and will be designated accordingly.
Title: Note 4: RELATIONSHIP OF THE SCHEDULE TO PROGRAM FINANCIAL REPORTS
Accounting Policies: The Schedule of Expenditures of Federal Awards (the SEFA) was prepared on the modified accrual
basis of accounting. The modified accrual basis differs from the full accrual basis of accounting in
that expenditures for property and equipment are expensed when incurred, rather than being
capitalized and depreciated over their useful lives, and expenditures for the principal portion of
debt service are expensed when incurred, rather than being applied to reduce the outstanding
principal portion of debt, which conforms to the basis of reporting to grantors for reimbursement
under the terms of the Council’s federal grants.
De Minimis Rate Used: N
Rate Explanation: The rate for indirect cost recoveries was 24.93% for the year ended September 30, 2024. The
Council was not eligible to use the 10% de minimis cost rate.
The amounts reflected in the financial reports submitted to the awarding Federal, State and/or
pass-through agencies and the SEFA may differ. Some of the factors that may account for any
difference include the following:
• The Council’s fiscal year end may differ from the program's year end.
• Accruals recognized in the SEFA, because of year-end procedures, may not be reported in
the program financial reports until the next program reporting period.
• Fixed asset purchases and the resultant depreciation charges are recognized as fixed assets
in the Council's financial statements and as expenditures in the program financial reports.
Title: Note 5: CONTINGENCIES
Accounting Policies: The Schedule of Expenditures of Federal Awards (the SEFA) was prepared on the modified accrual
basis of accounting. The modified accrual basis differs from the full accrual basis of accounting in
that expenditures for property and equipment are expensed when incurred, rather than being
capitalized and depreciated over their useful lives, and expenditures for the principal portion of
debt service are expensed when incurred, rather than being applied to reduce the outstanding
principal portion of debt, which conforms to the basis of reporting to grantors for reimbursement
under the terms of the Council’s federal grants.
De Minimis Rate Used: N
Rate Explanation: The rate for indirect cost recoveries was 24.93% for the year ended September 30, 2024. The
Council was not eligible to use the 10% de minimis cost rate.
Grant monies received and disbursed by the Council are for specific purposes and are subject to
review by the grantor agencies. Such audits may result in requests for reimbursement due to
disallowed expenditures. Based upon prior experience, the Council does not believe that such
disallowance, if any, would have a material effect on the financial position of the Council. As of
September 30, 2024, there were no material questioned or disallowed costs as a result of grant
audits in process or completed.
Title: Note 6: NONCASH ASSISTANCE
Accounting Policies: The Schedule of Expenditures of Federal Awards (the SEFA) was prepared on the modified accrual
basis of accounting. The modified accrual basis differs from the full accrual basis of accounting in
that expenditures for property and equipment are expensed when incurred, rather than being
capitalized and depreciated over their useful lives, and expenditures for the principal portion of
debt service are expensed when incurred, rather than being applied to reduce the outstanding
principal portion of debt, which conforms to the basis of reporting to grantors for reimbursement
under the terms of the Council’s federal grants.
De Minimis Rate Used: N
Rate Explanation: The rate for indirect cost recoveries was 24.93% for the year ended September 30, 2024. The
Council was not eligible to use the 10% de minimis cost rate.
The Council received federal noncash assistance for the period ended September 30, 2024 in the
amount of $169,093.
Title: Note 7: SUBRECIPIENTS
Accounting Policies: The Schedule of Expenditures of Federal Awards (the SEFA) was prepared on the modified accrual
basis of accounting. The modified accrual basis differs from the full accrual basis of accounting in
that expenditures for property and equipment are expensed when incurred, rather than being
capitalized and depreciated over their useful lives, and expenditures for the principal portion of
debt service are expensed when incurred, rather than being applied to reduce the outstanding
principal portion of debt, which conforms to the basis of reporting to grantors for reimbursement
under the terms of the Council’s federal grants.
De Minimis Rate Used: N
Rate Explanation: The rate for indirect cost recoveries was 24.93% for the year ended September 30, 2024. The
Council was not eligible to use the 10% de minimis cost rate.
The Council did not provide federal funds to subrecipients for the fiscal year ended September 30,
2024.
Title: Note 8: LOANS AND LOAN GUARANTEES
Accounting Policies: The Schedule of Expenditures of Federal Awards (the SEFA) was prepared on the modified accrual
basis of accounting. The modified accrual basis differs from the full accrual basis of accounting in
that expenditures for property and equipment are expensed when incurred, rather than being
capitalized and depreciated over their useful lives, and expenditures for the principal portion of
debt service are expensed when incurred, rather than being applied to reduce the outstanding
principal portion of debt, which conforms to the basis of reporting to grantors for reimbursement
under the terms of the Council’s federal grants.
De Minimis Rate Used: N
Rate Explanation: The rate for indirect cost recoveries was 24.93% for the year ended September 30, 2024. The
Council was not eligible to use the 10% de minimis cost rate.
The Council did not have any loans or loan guarantee programs required to be reported on the
schedule for the fiscal year ended September 30, 2024.
Title: Note 9: FEDERALLY FUNDED INSURANCE
Accounting Policies: The Schedule of Expenditures of Federal Awards (the SEFA) was prepared on the modified accrual
basis of accounting. The modified accrual basis differs from the full accrual basis of accounting in
that expenditures for property and equipment are expensed when incurred, rather than being
capitalized and depreciated over their useful lives, and expenditures for the principal portion of
debt service are expensed when incurred, rather than being applied to reduce the outstanding
principal portion of debt, which conforms to the basis of reporting to grantors for reimbursement
under the terms of the Council’s federal grants.
De Minimis Rate Used: N
Rate Explanation: The rate for indirect cost recoveries was 24.93% for the year ended September 30, 2024. The
Council was not eligible to use the 10% de minimis cost rate.
The Council did not have any federally funded insurance required to be reported on the schedule
for the fiscal year ended September 30, 2024.