Notes to SEFA
Accounting Policies: Basis of PresentationThe accompanying Schedule of Expenditures of Federal Awards (the "Schedule") includes thefederal award activity of Catholic Charities of Tennessee, Inc. (the "Organization") underprograms of the federal government for the year ended June 30, 2022. The information in thisSchedule is presented in accordance with the requirements of Title 2 U.S. Code of FederalRegulations Part 200, Uniform Administrative Requirements, Cost Principles, and AuditRequirements for Federal Awards ("Uniform Guidance"). Because the Schedule presents only aselected portion of the operations of the Organization, it is not intended to and does not presentthe financial position, changes in net assets, or cash flows of the Organization.Summary of Significant Accounting PoliciesFor purposes of the Schedule, expenditures of federal awards are recognized on the accrual basisof accounting. Such expenditures are recognized following the cost principles contained in theUniform Guidance, wherein certain types of expenditures are not allowable or are limited as toreimbursement.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.