Notes to SEFA
The accompanying schedule of expenditures of federal awards includes the federal award activity of Community Action partnership of greater St. Joseoh under programs of the federal government for the year ended February 28, 2026. 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).
Expenditures reported on the schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
Community Action Partnership of Greater St. Joseph elected to use the 15% de minimis indirect cost rate applied to modified total direct costs, as permitted by 2 CFR 200.414(f).
The Schedule includes $930,331.00 representing the outstanding balance at March 1, 2025, of HOME Investment Partnerships Program forgivable loans for which the federal government imposes continuing compliance requirements. In accordance with 2 CFR 200.502(b), that beginning outstanding balance is included in federal awards expended, together with current-year loan activity, as applicable. The outstanding balance of these loans at February 28, 2026, was $630,578.00.