Notes to SEFA
Title: Program Costs
Accounting Policies: This schedule is prepared on the same basis of accounting as The Ridgefield Playhouse forMovies and Performing Arts, Inc. (Organization) financial statements. The Organization usesthe accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The amounts shown as expenditures represent only the federal grant portion of the program costs. Entire program costs, including the Organization's portion, may be more than shown. Such expenditures are recognized following the cost principles contained in Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Because the schedule presents only a selected portion of the operations of the Organization, it is not intended to and does not present the financial position,changes in net assets, or cash flows of the Organization.