Notes to SEFA
Title: Pass-Through Entity Identification Numbers
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting, which conforms to accounting principles generally accepted in the United States of America. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: Tri-County Action Program, Inc. has elected not to use the 10-percent de minimis indirect cost rate asallowed under the Uniform Guidance.
Several of the programs, grants and/or awards included in the Schedule are missing the pass-through entity identification numbers. The missing numbers are due to the pass-through entities not providing the pass-through entity identification numbers.
Title: Basis of Presentation
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting, which conforms to accounting principles generally accepted in the United States of America. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: Tri-County Action Program, Inc. has elected not to use the 10-percent de minimis indirect cost rate asallowed under the Uniform Guidance.
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Tri-County Action Program, Inc. under programs of the federal government for the year ended September 30, 2022. 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). Because the Schedule presents only a selected portion of the operations of Tri-County Action Program,Inc., it is not intended to and does not present the financial position, changes in net assets, or cash flows of Tri-County Action Program, Inc..
Title: Energy Assistance Payments
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting, which conforms to accounting principles generally accepted in the United States of America. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: Tri-County Action Program, Inc. has elected not to use the 10-percent de minimis indirect cost rate asallowed under the Uniform Guidance.
The Council assists the State of Minnesota with eligibility determinations for the LIHEAP program. Client benefits for LIHEAP eligible participants are subsequently paid directly by the State of Minnesota. For the year ended September 30, 2022, client benefits are in the amount of $11,482,469, were paid by the state. These amounts are considered federal awards to the entity and are included in the schedule of expenditures of federal awards but are not included in the statement of activities.