Audit 5030

Title: 4. COMMINGLED ASSISTANCE Accounting Policies: 1. BASIS OF PRESENTATION The accompanying schedule of expenditures of federal awards (Schedule) includes the federal award activity of St. Barnabas Senior Center of Los Angeles (SBSS, the Organization) under programs of the federal government for the year ended June 30, 2021. 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 SBSS, it is not intended to and does not present the financial position, changes in net assets, or cash flows of SBSS. 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Therefore, some amounts presented in the schedule may differ from amounts presented in, or used in the presented item of, the basic financial statements. De Minimis Rate Used: N Rate Explanation: 3. INDIRECT COST RATE SBSS has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance. SBSS receives federal, state and local funds as a subrecipient through the City of Los Angeles Department of Aging. The expenditures reported in the accompanying Schedule of Federal Expenditures, for CFDA numbers 93.044, 93.045, 93.053 (Senior Aging Cluster) and CFDA 14.218 (Community Develop Block Grants) include the comingled state and local funds received from the City of Los Angeles Department of Aging.