Audit 364529

Accounting Policies: ORGANIZATION Lackawanna County Area Agency on Aging (LCAAA) is an agency of the County of Lackawanna. LCAAA coordinates and provides independence-sustaining activities and services to protect and provide for the welfare of the seniors of Lackawanna County. SCOPE OF THIS SCHEDULE The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activities of LCAAA under programs of federal government for the year ended December 31, 2024. This schedule reflects federal expenditures for all individual grants which were active during the year LCAAA's federally funded grants are audited in accordance with Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles and Audit Requirements for Federal Awards. BASIS OF ACCOUNTING The accompanying schedule of expenditures of federal awards includes all significant federally funded grant programs of Lackawanna County Area Agency on Aging and has been prepared on the accrual basis of accounting. ACCRUED AND DEFERRED REIMBURSEMENT Various reimbursement procedures are used for federal awards received by Lackawanna County Area Agency on Aging. Timing differences may occur between expenditures and reimbursements during the year. Accrued revenues at year-end represent an excess of expenditures over cash reimbursements received. Deferred revenues at year-end represent an excess of cash received over eligible program expenditures. Generally, accrued and deferred amounts caused by timing differences will be reversed in the subsequent year. NO PRIOR FINDINGS NOTED De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimus cost rate.