Notes to SEFA
Title: Basis of Presentation
Accounting Policies: 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 allowed or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The Negotiated Indirect Cost Rate Agreement (NICRA) received March 31, 2021 established 16.4% as the provisional rate for the period effective July 1, 2020 through June 30, 2022.
The accompanying schedule of expenditures of federal awards (the "Schedule") includes the federal award activity of Community Services and Employment Training, Inc. 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 Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of Community Services and Employment Training, Inc., it is not intended to and does not present the financial position, changes in net assets, or cash flows of Community Services and Employment Training, Inc.
Title: Senior Center Programs Matching Contributions
Accounting Policies: 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 allowed or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The Negotiated Indirect Cost Rate Agreement (NICRA) received March 31, 2021 established 16.4% as the provisional rate for the period effective July 1, 2020 through June 30, 2022.
The $1,833,477 reported on the schedule of expenditures of federal and state awards for the Special Programs for the Aging Title III and Title VII (aka Senior Center) Programs includes $38,618 of matching contributions and are required by the grant agreement to be used for program services and included as federal awards.