Notes to SEFA
Title: U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT LOAN
Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Community Counseling of Bristol County, Inc. and affiliate (the Organization) under programs of the federal government for the year ended June 30, 2022. 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 Cost Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of the Organization, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the Organization. The information presented in the Schedule consists only of Community Counseling of Bristol County, Inc. The Schedule does not include CCBC Properties, Inc. as they did not receive any funding under programs of the federal government for the year ended June 30, 2022. 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.
De Minimis Rate Used: Both
Rate Explanation: The Organization has elected to use the 10% de minimus indirect cost rate allowed under the Uniform Guidance for their Substance Abuse and Mental Health Program Section 223 Demonstration Programs to Improve Community Mental Health Programs (#93.289). The Organization has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance for any other federal contracts.
Included in Community Development Block Grants / Entitlement Grants is the cumulative amount of loans outstanding received from the U.S. Department of Housing and Urban Development (HUD). HUD requires the Organization to comply with requirements identified in the regulatory agreement with the Organization over the life of the loan.
Title: AWARDS PASSED THROUGH TO SUBRECIPIENTS
Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Community Counseling of Bristol County, Inc. and affiliate (the Organization) under programs of the federal government for the year ended June 30, 2022. 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 Cost Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of the Organization, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the Organization. The information presented in the Schedule consists only of Community Counseling of Bristol County, Inc. The Schedule does not include CCBC Properties, Inc. as they did not receive any funding under programs of the federal government for the year ended June 30, 2022. 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.
De Minimis Rate Used: Both
Rate Explanation: The Organization has elected to use the 10% de minimus indirect cost rate allowed under the Uniform Guidance for their Substance Abuse and Mental Health Program Section 223 Demonstration Programs to Improve Community Mental Health Programs (#93.289). The Organization has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance for any other federal contracts.
There were no awards passed through to subrecipients by the Organization for the year ended June 30, 2022.