Notes to SEFA
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Middle Georgia Community Action Agency, Inc. under programs of the federal government for the year ended May 31, 2025. The information in this Schedule is presented in accordance with he 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 on a selected portion of the operations of Middle Georgia Community Action Agency, Inc., it is not intended to and does not present the financial position, changes in net assets, or cash flows of Middle Georgia Community Action Agency, Inc.
Expenditures reported on the Schedule 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. Any negative amounts shown on the schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years. Pass-through entity numbers are presented where available. No amounts were passed to subrecipients.
The Agency has elected to use a federally negotiated indirect cost rate. The Agency currently has a federally negotiated indirect cost rate of 25.6% of modified total direct costs, which was used to charge indirect costs to applicable federal programs during the period covered by the accompanying Schedule.