Audit 42537

Title: Nutritional Services Incentive Program Accounting Policies: Basis of PresentationThe accompanying schedule of expenditures of federal awards includes the federal grant activity of Caddo Council on Aging, Inc. and is presented on the accrual basis of accounting, which is the same basis of accounting used for the presentation of the general-purpose financial statements. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards.Caddo Council on Aging, Inc. did not pass through any of its federal awards to a subrecipient during the fiscal year, nor did it expend any federal awards in the form of noncash assistance.Caddo Council on Aging, Inc. has elected not to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate. Revenues and expenditures under this program are summarized as follows:a.Fiscal Year 2021:Revenues recognized in fiscal year 2021 amounted to $201,084. Of this amount, $189,812 was expended; the remainder of $11,272 is combined with $31,143 available from 2020, and the total $42,415 is carried over to fiscal year 2022.b.Fiscal Year 2022:Expenditures of $253,164 consumed the amount carried over from fiscal year 2021 and resulted in an unspent balance of funds of $10,000 remaining at the end of fiscal year 2022.