Notes to SEFA
The accompanying schedule of expenditures of federal awards includes the federal grant activity of Pecos County Community Action Agency and is presented on the accrual basis of accounting. 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). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements. Pecos County Community Action Agency has not elected to use the 10% de minims indirect cost rate. Reconciliation of Expenses to Schedule of Expenditures of Federal Awards: Expenses per Statement of Activities $ 2,086,688 Capitalized Equipment $0 Federal Expenditures $ 2,086,688