Notes to SEFA
The accompanying “Schedule of Federal and State Awards” includes the federal and state grant activity of Lakeshore CAP, Inc. of Wisconsin, and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the U.S. Office of Management and Budget (OMB) Compliance Supplement. Supplemental schedules are also presented by Lakeshore CAP, Inc. of Wisconsin in regard to federal and state financial assistance programs administered by the Organization. Additional information on the Organization’s local assistance and unrestricted activity is also presented in the schedules.
Nonmonetary assistance is reported in the schedule of federal and state awards at the fair market value of the commodities received and used.