Notes to SEFA
Title: Note 1 - Basis of presentation
Accounting Policies: Expenditures reported in this Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles in the Uniform Guidance, Cost Principles for Non-Profit Organizations, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The Organization has not elected to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
The Schedule of Expenditures of Federal Awards (the “Schedule”) includes the federal cooperative agreements activity of the Community Connections, Inc. (the “Organization”) under programs of the federal government for the year ended September 30, 2024. The information in the 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.
Title: Note 4 - Government audits
Accounting Policies: Expenditures reported in this Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles in the Uniform Guidance, Cost Principles for Non-Profit Organizations, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The Organization has not elected to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
The allowability of certain costs under government contracts and grants is subject to audit by the contracting agency. Certain indirect costs charged to contracts and grants are subject to revisions based on government audits of those costs. Management believes that contracts and grants costs are consistent with applicable grant cost principles, and that costs subsequently disallowed, if any, upon audit by the grantor would not be material.