Notes to SEFA
Title: Significant Accounting Policies used in Preparing the SEFA
Accounting Policies: Accrual basis of accounting, Uniform Guidance
De Minimis Rate Used: N
Rate Explanation: The entity did not use the de minimis cost rate.
The accompanying schedule of expenditures of federal awards includes the federal grant activitiy of Community Action, Inc., 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 Regulation 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.