Notes to SEFA
The accompanying schedule of expenditures of federal awards (the schedule) includes the federal award activity of Agency on Aging of South Central Connecticut, Inc. under programs of the federal government 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 Agency on Aging of South Central Connecticut, Inc. it is not intended to and does not present the financial position, changes in net assets or cash flows of Agency on Aging of South Central Connecticut, Inc.
Expenditures reported on the schedule are reported on the accrual basis of accounting. Expenditures are recognized following the cost principles contained in the Uniform Guidance, Cost Principles for Non-Profit Organizations, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Agency on Aging of South Central Connecticut, Inc has elected to use the de minimis indirect cost rates allowed under Uniform Guidance. Pass-through entity identifying numbers are presented where available.