Notes to SEFA
Title: Note 1 - Reporting Entity
Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award
activity of Central Alabama Aging Consortium (the Consortium) under programs of the federal government
for the year ended September 30, 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 the Consortium, it is not intended to and
does not present the financial position, activities, or cash flows of the Consortium.
De Minimis Rate Used: N
Rate Explanation: The Consortium has elected not to use the 10% de minimus indirect cost rate allowed under Uniform
Guidance.
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award
activity of Central Alabama Aging Consortium (the Consortium) under programs of the federal government
for the year ended September 30, 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 the Consortium, it is not intended to and
does not present the financial position, activities, or cash flows of the Consortium.
Title: Note 2 - Basis of Accounting
Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award
activity of Central Alabama Aging Consortium (the Consortium) under programs of the federal government
for the year ended September 30, 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 the Consortium, it is not intended to and
does not present the financial position, activities, or cash flows of the Consortium.
De Minimis Rate Used: N
Rate Explanation: The Consortium has elected not to use the 10% de minimus indirect cost rate allowed under Uniform
Guidance.
Expenditures reported on the schedule are reported on the accrual basis of accounting. Such expenditures
are recognized following the cost principle contained in the Uniform Guidance, wherein certain types of
expenditures are not allowable or are limited as to reimbursement. This method is consistent with the
preparation of the Consortium’s financial statements.
Title: Note 3 - Indirect Cost Rates
Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award
activity of Central Alabama Aging Consortium (the Consortium) under programs of the federal government
for the year ended September 30, 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 the Consortium, it is not intended to and
does not present the financial position, activities, or cash flows of the Consortium.
De Minimis Rate Used: N
Rate Explanation: The Consortium has elected not to use the 10% de minimus indirect cost rate allowed under Uniform
Guidance.
The Consortium has elected not to use the 10% de minimus indirect cost rate allowed under Uniform
Guidance.