Notes to SEFA
Accounting Policies: The accompanying schedule of revenues and expenditures of federal awards (the "Schedule") includes the federal award activity of Nash Edgecombe Wilson Community Action, Inc., under programs of the federal government for the year ended October 31, 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 Nash Edgecombe Wilson Community Action, Inc., it is not intended to and does not present the financial position, changes in net assets, or cash flows of Nash Edgecombe Wilson Community Action, Inc.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.