Notes to SEFA
Title: BASIS OF PRESENTATION
Accounting Policies: BASIS OF PRESENTATION
De Minimis Rate Used: N
Rate Explanation: ALLIANCE OF COMMUNITY ASSISTANCE MINISTRIES, INC HAS NOT ELECTED TO USE THE 10% DE MINIMIS INDIRECT COST RATE.
The accompanying schedule of expenditures of federal awards includes the federal grant activity of Alliance of Community Assistance Ministries, Inc. and is presented on the accrual basis of accounting. The information in this
schedule is presented in accordance with the requirements of the Uniform Guidance. Therefore, some amounts
presented in this schedule may differ from amounts presented in, or used in the preparation of, the financial
statements.