Notes to SEFA
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of Capital Area Partnership Uplifting People, Inc. 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 (CFR) Part 200, Uniform Administrative Requirements, Costs Principles, and Audit Requirements for Federal Awards. Therefore, some amounts presented in this schedule may differ from amounts presented in or used in the preparation of the basic consolidated financial statements. The amounts shown as current year expenditures represent only the federal portion of the actual program costs. Actual program costs, including CAPUP, Inc.s portion, may be more than shown.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.