Notes to SEFA
Title: Basis of Presentation
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement
De Minimis Rate Used: N
Rate Explanation: The Partnership has elected to not use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance.
The accompanying schedule of expenditures of federal awards (Schedule) includes the federal grant activity of the Community Partnership, Inc. (Partnership) 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 Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance).
Title: Prior Year Federal Expenditures Omitted from the SEFA
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement
De Minimis Rate Used: N
Rate Explanation: The Partnership has elected to not use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance.
During the preparation of the current year’s Schedule, management identified certain federal expenditures that were incurred in the prior fiscal year ended June 30, 2023 but were inadvertently omitted from that year’s SEFA. These expenditures related to the COVID-19 Specialty Crop Block Grant Program under ALN 10.170.
The omitted expenditures totaled approximately $34,000 and were incurred during fiscal year 2023, but were not included in the SEFA for that reporting period. In accordance with 2 CFR 200.502(a), federal expenditures are to be reported in the SEFA in the fiscal year in which the activity related to the federal award occurs. Accordingly, these expenditures are not included in the current year’s SEFA, as they do not relate to federal award activity in the current fiscal year. Management has evaluated the impact of this omission and determined that the omission did not affect major program determination for the prior year. This disclosure is being provided to ensure transparency and completeness in reporting.