Audit 712

Accounting Policies: Basis of Presentation: The accompanying schedule of expenditures of federal awards (SEFA) includes the federal grant activity of Meals on Wheels People, Inc. (the Organization). The SEFA is presented using the accrual basis of accounting in accordance with accounting principles generally accepted in the United States of America. The information in the SEFA 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 Award (Uniform Guidance). Because the SEFA 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. Therefore, some accounts presented in the SEFA may differ from amounts presented in, or used in the preparation of, the financial statements. Pass-through entity numbers are presented when available. Expenditures: Expenditures reported on the SEFA 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. De Minimis Rate Used: N Rate Explanation: The Organization has not elected to use the 10 percent de minimis indirect cost rate under the Uniform Guidance.