The accompanying Schedule of Expenditures of Federal Awards includes the federal grant actiitiy of the Egyptian Area Agency on Aging, Inc. and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with requirements of the U.S. Office of Management and Budget and Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance).
Special Program for the Aging - Title III, Part B - Grants for Supportive Services and Senior Centers The objective of the program is to encourage State Agencies on Aging and Area Agencies on Aging to concentrate resources to develop and implement community-based systems of services for older individuals via statewide planning and areacomprehensive and coordinated planning and provision of supportive services, including multipurpose senior centers. The objective of these services and centers is to maximize the informal support provided to older Americans to enable them to remain in their homes and communities. Providing transportation services, in-home services and caregiver support services, this program ensures that elders receive the services they need to remain independent. Special Programs for the Aging - Title III, Part C - Nutrition Services The objective of this program is to provide grants to States to support nutrition services including nutritious meals, nutrition education and other appropriate nutrition services for older Americans in order to maintain health, independence and quality of life. Meals may be served in a congregate setting or delivered to the home. Nutrition Services Incentive Program (Commodities) The objective of this program is to reward effective performance by States in the efficient delivery of nutritious meals to older adults through the use of cash or commodities.
During the fiscal year ended September 30, 2023, the following insurance was in effect: Commercial Property - $85,000, Commercial General Liability - $1,000,000, Non-Profit Organization - $1,000,000, Directors and Officers Liability - $1,000,000, Employment Practices Liability - $1,000,000, Commercial Crime - $400,000, Workers Compensaqtion - $1,000,000.
The Agency has elected to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
During fiscal year ended September 30, 2023, there were no loan guarantees outstanding at year end.
Various local companies donate non-cash In-Kind donated space used by volunteer sites. The fair market value of this space is shown on the financial statements as In-Kind contributions at September 30, 2023, for $40,625.