Notes to SEFA
Title: Basis of Presentation
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Expendituresand amounts passed through to subrecipients on the Schedule are reported on the cash basis ofaccounting. Such expenditures are recognized following the cost principles contained in the UniformGuidance, wherein certain types of expenditures are not allowable or limited as to reimbursement. TheAgency did not elect to use the 10% de minimis cost rate as covered in ?200.414 Indirect (F&A) costs.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
the Accompany schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Area Agency on Aging - Region 9, Inc. The information in this schedule is presented in accordance with the requirements of the Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in preparation of, the basic financial statements.