Notes to SEFA
Title: Basis of Presentation
Accounting Policies: The accompanying schedule of expenditures of federal awards and state financial assistance includes the federal and state grant activity of
Marion Senior Services, Inc., 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); and Chapter 10.650, Rules of the Auditor General . Therefore,
some amounts presented in this schedule may differ from amounts presented in, or used in, the preparation of the financial statements.
De Minimis Rate Used: N
Rate Explanation: Marion Senior Services charges direct costs to programs.
The accompanying schedule of expenditures of federal awards and state financial assistance includes the federal and state grant activity of Marion Senior Services, Inc., 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); and Chapter 10.650, Rules of the Auditor General . Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in, the preparation of the financial statements. Marion Senior Services, Inc. did not elect to use the 10% de minimis indirect cost rate of the Uniform Guidance.