Notes to SEFA
The accompanying schedule of expenditures of federal and state awards (the schedule) includes the federal award activity of Choice in Aging (the Organization) and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of the Uniform Guidance. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of the basic financial statements.
Expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain expenditures are not allowable or are limited as to reimbursement.
Choice in Aging elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.