Notes to SEFA
Title: Note 2: Basis of Presentation
Accounting Policies: The accompanying schedule of expenditures of federal awards is presented using the accrual basis of accounting. The information in the schedule of expenditures of federal awards 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).
De Minimis Rate Used: N
Rate Explanation: The Council did not charge the 10% de minimis rate for indirect costs, rather they used the budgeted amount per the grant agreement for the federal award.
The accompanying schedule of expenditures of federal awards is presented using the accrual basis of accounting. The information in the schedule of expenditures of federal awards 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).
Title: Note 4: Indirect Cost
Accounting Policies: The accompanying schedule of expenditures of federal awards is presented using the accrual basis of accounting. The information in the schedule of expenditures of federal awards 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).
De Minimis Rate Used: N
Rate Explanation: The Council did not charge the 10% de minimis rate for indirect costs, rather they used the budgeted amount per the grant agreement for the federal award.
The Council did not charge the 10% de minimis rate for indirect costs, rather they used the budgeted amount per the grant agreement for the federal award.