Notes to SEFA
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of Will County Center for Community Concerns and is presented on the accrual basis of accounting. 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). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of the basic financial statements. All allowable general and administrative costs are allocated to programs using a base that results in an equitable distribution. The Center did not receive any federal insurance or federal non-cash assistance.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.