Notes to SEFA
The accompanying schedule of expenditures of federal, state and city awards (the "Schedule") includes the federal,state and city award activity of the Philadelphia Corporation for Aging for the year ended June 30, 2025 . Theinformation in this Schedule is presented in accordance with the requirements of Title 2 U.S. Code of FederalRegulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for FederalAwards (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of the Philadelphia Corporation for Aging , it is not intended to and does not present the financial position, changes in netposition, or cash flows of the Philadelphia Corporation for Aging .
Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures arerecognized following the cost principles contained in the Uniform Guidance, wherein certain types of expendituresare not allowable or are limited as to reimbursement.
Philadelphia Corporation for Aging does not have a federally negotiated indirect cost rate and has not elected touse the 10% de minimis indirect cost rate for federal contracts allowed under the Uniform Guidance.