Notes to SEFA
Accounting Policies: The Schedule of Expenditures of Federal and State Awards includes the federal and state grant activity of
Community Action, Inc. of Central Texas and is presented on the accrual basis of accounting. The
information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal
Regulations (CFR) 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.
De Minimis Rate Used: N
Rate Explanation: Community Action, Inc. of Central Texas has not elected to use the 10% de minimus indirect cost rate.