Notes to SEFA
Note 1. Basis of Presentation – The accompanying Schedule of Expenditures of Federal and Non-Federal Awards includes the federal and non-federal award activity of Home Care under programs of the federal government and the District of Columbia for the year ended September 30, 2025. 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 Home Care, it is not intended to and does not present the financial position, changes in net assets or cash flows of Home Care.
Summary of Significant Accounting Policies - Expenditures reported on the Schedule of Expenditures of Federal and Non-Federal Awards are reported on the accrual basis of accounting. 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.
Indirect Cost Rate - Home Care has elected not to use the 15-percent de minimis indirect cost rate allowed under the Uniform Guidance.