Notes to SEFA
Title: Basis of Presentation
Accounting Policies: a) 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.
b) Ross County Community Action Commission, Inc. has elected not to use the 10
percent de minimus indirect cost rate as allowed under the Uniform Guidance.
c) Pass-through entity identifying numbers are presented where available.
De Minimis Rate Used: N
Rate Explanation: Ross County Community Action Commission, Inc. has elected not to use the 10
percent de minimus indirect cost rate as allowed under the Uniform Guidance.
The accompanying schedule of expenditures of federal awards (the "Schedule") includes the
federal award activity of Ross County Community Action Commission, Inc. 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 (CFR) 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 Ross County
Community Action Commission, Inc., it is not intended to and does not present Ross County
Community Action Commission, Inc.'s financial position, changes in net assets, or cash
flows.
Title: Summary of Significant Accounting Policies
Accounting Policies: a) 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.
b) Ross County Community Action Commission, Inc. has elected not to use the 10
percent de minimus indirect cost rate as allowed under the Uniform Guidance.
c) Pass-through entity identifying numbers are presented where available.
De Minimis Rate Used: N
Rate Explanation: Ross County Community Action Commission, Inc. has elected not to use the 10
percent de minimus indirect cost rate as allowed under the Uniform Guidance.
a) 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.
b) Ross County Community Action Commission, Inc. has elected not to use the 10
percent de minimus indirect cost rate as allowed under the Uniform Guidance.
c) Pass-through entity identifying numbers are presented where available