Notes to SEFA
The schedule of expenditures of federal awards includes the current year federal grant activity of Community Partnership of the Ozarks, Inc. and is presented on the accrual basis of accounting. Under the accrual basis of accounting, revenues are recorded when both measurable and available. Expenditures under the accrual basis of accounting are recorded when the liability is incurred. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200 Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). All federal money, both directly received and that passed through other agencies, is included in the schedule. Other amounts presented in this schedule as expenditures may differ from amounts presented in, or used in the preparation of, the basic financial statements, although such differences are not material.
Community Partnership of the Ozarks, Inc. has elected to use the 10% de minimis cost rate.
In preparing the schedule of expenditures of federal awards, Community Partnership of the Ozarks, Inc., has evaluated events and transactions for potential recognition or disclosure through November 14, 2025, the date the schedule was available to be issued.