Notes to SEFA
The accompanying schedule of expenditures of federal awards includes the federal grants activity of CAPCA and is presented on the accrual basis of accounting. The information in the 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). Therefore, some amounts presented in the schedule may differ from amounts presented in, or used in, the preparation of the financial statements.
There were no Federal awards passed through to subrecipients.
Certain federal programs require that CAPCA contribute non-federal funds (matching funds) to support the federal-funded programs. CAPCA has complied with the matching requirements. The expenditures of non-federal matching funds are not included on the schedule.
In connection with various federal grant programs, CAPCA is obligated to administer related programs and spend the funds in accordance with regulatory restrictions, and is subject to audit by grantor agencies and other auditors. In cases of noncompliance, the agencies involved may require CAPCA to refund program funds.