Notes to SEFA
Title: Other Federal Assistance
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Suchexpenditures are recognized following the cost principles contained in the Uniform Guidancewherein certain types of expenditures are not allowable or are limited as to reimbursement. Passthroughidentifying numbers are presented when available.
De Minimis Rate Used: N
Rate Explanation: The Council has not elected to use the 10 percent de minimis indirect cost rate as allowed underthe Uniform Guidance.
In connection with the Women, Infants and Children program, TVCCA determines programeligibility and issues vouchers for food benefits to eligible participants. The vouchers areredeemed by the participants at certain vendors approved by the State of Connecticut. TVCCAdoes not make payments to the participants or the vendors redeeming the vouchers. Although thevalue of the vouchers is considered federal assistance and is included in the accompanyingschedule of expenditures of federal awards under federal assistance listing number 10.557, norevenue or expense has been recognized in TVCCA's consolidated financial statements for theyear ended March 31, 2022. The total value of vouchers redeemed as reported by the State ofConnecticut totaled $2,615,641 for the year ended March 31, 2022.
Title: Basis of Presentation
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Suchexpenditures are recognized following the cost principles contained in the Uniform Guidancewherein certain types of expenditures are not allowable or are limited as to reimbursement. Passthroughidentifying numbers are presented when available.
De Minimis Rate Used: N
Rate Explanation: The Council has not elected to use the 10 percent de minimis indirect cost rate as allowed underthe Uniform Guidance.
The accompanying schedule of expenditures of federal awards (the "Schedule") includes thefederal award activity of Thames Valley Council for Community Action, Inc. (the "Council") underprograms of the federal government for the year ended March 31, 2022. The information in thisSchedule is presented in accordance with the requirements of Title 2 U.S. Code of FederalRegulations Part 200, Uniform Administrative Requirements, Cost Principles, and AuditRequirements for Federal Awards ("Uniform Guidance"). Because the Schedule presents only aselected portion of the operations of the Council, it is not intended to and does not present thefinancial position, changes in net assets, or cash flows of the Council.