Notes to SEFA
The schedule of expenditures of federal awards includes the federal grant activity of the Community Action Agency of Southern New Mexico and is presented on the accrual basis of accounting. 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). Some amounts presented in this schedule may differ from amounts presented in, or used in preparation of, the consolidated financial statements.
The Agency did not provide any federal funds to sub-recipients during the year.
There were no Federal awards expended in the form of non-cash assistance of loan guarantees outstanding at year-end.
The Agency did not use the 10 percent de minimis indirect cost rate.