Notes to SEFA
We have audited the accompanying financial statements of Decatur Cooperative Ministry, Inc. which comprise the statement of financial position as of December 31, 2024, and the related statements of activities, functional expense and cash flows for the year then ended, and the related notes to the financial statements.
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 are limited as to reimbursement.
The Organization has not elected to use the 10-percent de minimis cost rate allowed under the Uniform Guidance.