Title: NOTE 3 - RELATIONSHIP TO BASIC FINANCIAL STATEMENTS
Accounting Policies: NOTE 1 - BASIS OF PRESENTATION The accompanying Schedule of
Expenditures of Federal Awards (the “Schedule”) includes the federal
award activity of Webster Parish Office of Community Services, a
component unit of Webster Parish Police Jury, under programs of the
federal 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). Because the Schedule presents
only a selected portion of the operations of the Webster Parish Office of
Community Services, it is not intended to and does not present the
financial position, changes in net position, or cash flows of the Office of
Community Services.
NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Expenditures
reported on the Schedule are reported on the modified accrual basis of
accounting except for Section 8 Voucher which is reported on the full
accrual basis which is described in Note 1 of the Notes to the Financial
Statements of the Office of Community Service’s annual financial report.
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 Office of Community Services has not elected to utilize the 10% de
minimus indirect cost rate allowed under the Uniform Guidance.
NOTE 3 - RELATIONSHIP TO BASIC FINANCIAL STATEMENTS
Federal awards revenues are reported in the Office of
Community Services’ fund financial statements as follows:
Major:Federal Sources
Headstart $2,701,294
Transportation 313,213
Food 917,655
CSBG 213,731
LIHEAP Energy 423,454
Total governmental funds 4,569,347
Business-Type Activities
Section 8 Voucher 970,731
Total $5,540,078
Title: NOTE 4 - RELATIONSHIP TO FEDERAL FINANCIAL REPORTS
Accounting Policies: NOTE 1 - BASIS OF PRESENTATION The accompanying Schedule of
Expenditures of Federal Awards (the “Schedule”) includes the federal
award activity of Webster Parish Office of Community Services, a
component unit of Webster Parish Police Jury, under programs of the
federal 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). Because the Schedule presents
only a selected portion of the operations of the Webster Parish Office of
Community Services, it is not intended to and does not present the
financial position, changes in net position, or cash flows of the Office of
Community Services.
NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Expenditures
reported on the Schedule are reported on the modified accrual basis of
accounting except for Section 8 Voucher which is reported on the full
accrual basis which is described in Note 1 of the Notes to the Financial
Statements of the Office of Community Service’s annual financial report.
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 Office of Community Services has not elected to utilize the 10% de
minimus indirect cost rate allowed under the Uniform Guidance.
NOTE 4 - RELATIONSHIP TO FEDERAL FINANCIAL REPORTS
Amounts reported in the accompanying schedule agree with the
amounts reported in the related federal financial reports except
for changes made to reflect amounts in accordance with
accounting principles generally accepted in the United States of
America.
Title: NOTE 5 - MATCHING REVENUES AND STATE FUNDING
Accounting Policies: NOTE 1 - BASIS OF PRESENTATION The accompanying Schedule of
Expenditures of Federal Awards (the “Schedule”) includes the federal
award activity of Webster Parish Office of Community Services, a
component unit of Webster Parish Police Jury, under programs of the
federal 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). Because the Schedule presents
only a selected portion of the operations of the Webster Parish Office of
Community Services, it is not intended to and does not present the
financial position, changes in net position, or cash flows of the Office of
Community Services.
NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Expenditures
reported on the Schedule are reported on the modified accrual basis of
accounting except for Section 8 Voucher which is reported on the full
accrual basis which is described in Note 1 of the Notes to the Financial
Statements of the Office of Community Service’s annual financial report.
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 Office of Community Services has not elected to utilize the 10% de
minimus indirect cost rate allowed under the Uniform Guidance.
NOTE 5 - MATCHING REVENUES AND STATE FUNDING For those
funds that have matching revenues and state funding, federal
expenditures were determined by deducting matching revenues
from total expenditures.
Title: NOTE 6 - DE MINIMUS INDIRECT COST RATE
Accounting Policies: NOTE 1 - BASIS OF PRESENTATION The accompanying Schedule of
Expenditures of Federal Awards (the “Schedule”) includes the federal
award activity of Webster Parish Office of Community Services, a
component unit of Webster Parish Police Jury, under programs of the
federal 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). Because the Schedule presents
only a selected portion of the operations of the Webster Parish Office of
Community Services, it is not intended to and does not present the
financial position, changes in net position, or cash flows of the Office of
Community Services.
NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Expenditures
reported on the Schedule are reported on the modified accrual basis of
accounting except for Section 8 Voucher which is reported on the full
accrual basis which is described in Note 1 of the Notes to the Financial
Statements of the Office of Community Service’s annual financial report.
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 Office of Community Services has not elected to utilize the 10% de
minimus indirect cost rate allowed under the Uniform Guidance.
NOTE 6 - DE MINIMUS INDIRECT COST RATE The Office of
Community Services has not elected to utilize the 10% de
minimus indirect cost rate allowed under the Uniform Guidance.