Notes to SEFA
Title: RELATIONSHIP TO THE FINANCIAL STATEMENTS
Accounting Policies: The accompanying Schedule of Expenditures of Federal, State and City Awards includes the federal, state and city grant activity of Catholic Community Services of the Archdiocese of Philadelphia (the Organization) and is presented on an accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of the Uniform Guidance and the City of Philadelphia Subrecipient Audit Guide. The expenditures in this schedule may differ from certain financial reports submitted to funding agencies due to those reports being submitted on a cash or modified basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The Organization utilizes a direct cost rate and has not elected to use the 10% de minimis cost rate.
Federal, state and city awards expenditures are reported on the statements of activities and changes in net assets. In certain programs, the expenditures reported in the financial statements may differ from the expenditures reported in the Schedule of Expenditures of Federal, State and City Awards due to program expenditures exceeding grant or contract budget limitations, which are not included as federal, state and city awards. Because the schedule presents only a selected portion of the activities of the Organization, it is not intended to, and does not, present either the financial position, changes in net assets or cash flows of the Organization.