Notes to SEFA
Accounting Policies: The accompanying schedule of expenditures of federal and state awards (the “Schedule”) includes the grant activity of Wisconsin Community Action Program, Inc. under programs of the federal and state government for the year ended December 31, 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) and the State Single Audit Guidelines. Because the Schedule presents only a selected portion of the operations of Wisconsin Community Action Program, Inc., it is not intended to and does not present the financial position, changes in net assets or cash flows of Wisconsin Community Action Program, Inc.
Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Pass-through entity identifying numbers are presented where available.
De Minimis Rate Used: N
Rate Explanation: Wisconsin Community Action Program, Inc. has not elected to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance.