Title: Basis of Presentation
Accounting Policies: Basis of Presentation: The accompanying schedule of expenditures of federal awards includes the federal award activity of Capital Area Partnership Uplifting People, Inc. (“CAPUP, Inc.”) under programs of the federal government for the year ended June 30, 2023. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Costs Principles, and Audit Requirements for Federal Awards. Because the Schedule presents only a selection portion of the operations of CAPUP, Inc., it is not intended and does not present the financial position, changes in net assets, or cash flows of CAPUP, Inc.
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.
De Minimis Rate Used: N
Rate Explanation: CAPUP, Inc. has elected to not use the 10% de minimis indirect cost rate.
The accompanying schedule of expenditures of federal awards includes the federal award activity of Capital Area Partnership Uplifting People, Inc. (“CAPUP, Inc.”) under programs of the federal government for the year ended June 30, 2023. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Costs Principles, and Audit Requirements for Federal Awards. Because the Schedule presents only a selection portion of the operations of CAPUP, Inc., it is not intended and does not present the financial position, changes in net assets, or cash flows of CAPUP, Inc.
Title: Summary of Significant Accounting Policies
Accounting Policies: Basis of Presentation: The accompanying schedule of expenditures of federal awards includes the federal award activity of Capital Area Partnership Uplifting People, Inc. (“CAPUP, Inc.”) under programs of the federal government for the year ended June 30, 2023. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Costs Principles, and Audit Requirements for Federal Awards. Because the Schedule presents only a selection portion of the operations of CAPUP, Inc., it is not intended and does not present the financial position, changes in net assets, or cash flows of CAPUP, Inc.
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.
De Minimis Rate Used: N
Rate Explanation: CAPUP, Inc. has elected to not use the 10% de minimis indirect cost rate.
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.
Title: Indirect Cost Rate
Accounting Policies: Basis of Presentation: The accompanying schedule of expenditures of federal awards includes the federal award activity of Capital Area Partnership Uplifting People, Inc. (“CAPUP, Inc.”) under programs of the federal government for the year ended June 30, 2023. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Costs Principles, and Audit Requirements for Federal Awards. Because the Schedule presents only a selection portion of the operations of CAPUP, Inc., it is not intended and does not present the financial position, changes in net assets, or cash flows of CAPUP, Inc.
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.
De Minimis Rate Used: N
Rate Explanation: CAPUP, Inc. has elected to not use the 10% de minimis indirect cost rate.
CAPUP, Inc. has elected to not use the 10% de minimis indirect cost rate.