Notes to SEFA
Title: Note 2 - Non-Cash Assistance
Accounting Policies: The accompanying schedule of expenditures of Federal awards includes the Federal grant activity of the Jefferson Council on Aging, Inc. and is presented on the modified 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 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 the Council, it is not intended to and does not present the net position and changes in net position of the Council. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of the basic financial statements.
De Minimis Rate Used: Both
Rate Explanation: The Council has elected to use the 10% de minimus indirect cost rate for US DOTD reporting purposes for the year ended June 30, 2023.
No federal awards were expended in the form of non-cash assistance during the year ended June 30, 2023.
Title: Note 3 - Unspent Funds
Accounting Policies: The accompanying schedule of expenditures of Federal awards includes the Federal grant activity of the Jefferson Council on Aging, Inc. and is presented on the modified 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 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 the Council, it is not intended to and does not present the net position and changes in net position of the Council. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of the basic financial statements.
De Minimis Rate Used: Both
Rate Explanation: The Council has elected to use the 10% de minimus indirect cost rate for US DOTD reporting purposes for the year ended June 30, 2023.
There are $29,547 of funds remaining from the fiscal year ended June 30, 2023, for Nutrition Services Incentive Program (NSIP) grant that remain unspent as of June 30, 2023. There are $85,849 of funds remaining from the fiscal year ended June 30, 2023, for COVID-19 State Public Health.