Notes to SEFA
Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal grantactivity of Cumberland County Coordinating Council on Older Adults, Inc. under programs of the federalgovernment for the year ended June 30, 2022. The information in this Schedule is presented in accordancewith the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform AdministrativeRequirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Becausethe Schedule presents only a selected portion of the operations of Cumberland County Coordinating Councilon Older Adults, Inc., it is not intended to and does not present the financial position, changes in net assets,or cash flows of Cumberland County Coordinating Council on Older Adults, Inc.Expenditures reported in the SEFSA are reported on the modified accrual basis of accounting. Suchexpenditures are recognized following the cost principles contained in Uniform Guidance, wherein certaintypes of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.