Notes to SEFA
The accompanying Schedule of Expenditures of Federal Awards (the “Schedule”) includes the federal award activity of Community Outreach Services Corporation under programs of the federal government for the year ended December 31, 2023. 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 Community Outreach Services Corporation, it is not intended to and does not present the financial position, changes in assets, or cash flows of Community Outreach Services Corporation.
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. Coommunity Outreach Services Corporation has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
Community Outreach Services Corporation did not provide federal awards to sub-recipients for the year ended December 31, 2024.
All subsequent events relative to the major programs were evaluated through the report date, the date the accompanying reports were available to be issued.
The prior year data collection form and the reporting package for the prior year end was filed; however, it was not submitted within the Uniform Guidance deadlines.