Notes to SEFA
Title: NOTE A: BASIS OF PRESENTATION
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity
of Community Services, Inc. of Northwest Missouri and presents expenditures on the accrual basis of
accounting, except for subsidy programs, which follows REAC PHA - Financial Accounting Brief - Accounting Issue #10, which defines a Federal expenditure expended for single audit
purposes as when dollars are received. The information in this schedule is presented in accordance with the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: NONE
The accompanying schedule of expenditures of federal awards includes the federal grant activity
of Community Services, Inc. of Northwest Missouri and presents expenditures on the accrual basis of
accounting, except for subsidy programs, which follows REAC PHA - Financial Accounting Brief - Accounting Issue #10, which defines a Federal expenditure expended for single audit
purposes as when dollars are received. The information in this schedule is presented in accordance with the Uniform Guidance.
Title: NOTE B: INDIRECT COST RATE
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity
of Community Services, Inc. of Northwest Missouri and presents expenditures on the accrual basis of
accounting, except for subsidy programs, which follows REAC PHA - Financial Accounting Brief - Accounting Issue #10, which defines a Federal expenditure expended for single audit
purposes as when dollars are received. The information in this schedule is presented in accordance with the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: NONE
The Organization has not elected to use the de minimis cost rate.