Notes to SEFA
Title: ADMININSTRATIVE EXPENSES
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards presents the activities of the federal financial assistance programs of the Pennsylvania Highlands Community College (the College). Financial award received directly from federal agencies, as well as financial assistance passed through other government agencies or nonprofit organizations, are included in the schedule. The accompanying schedule of expenditures of federal awards includes the federal grant activity of Pennsylvania Highlands Community College and is presented on the 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). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the general purpose financial statements.
De Minimis Rate Used: N
Rate Explanation: For the year ended June 30, 2023, Pennsylvania Highlands Community College did not elect to use the ten percent (10%) de minimus indirect cost rate as allowed in the Uniform Guidance, section 414.
The expenditures in the accompanying Schedule of Expenditures of Federal Awards include an allocation of administrative expenses. Those allocations are based upon amounts permitted under each individual financial assistance program.
Title: AMOUNTS PASSED TO SUBRECIPIENTS
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards presents the activities of the federal financial assistance programs of the Pennsylvania Highlands Community College (the College). Financial award received directly from federal agencies, as well as financial assistance passed through other government agencies or nonprofit organizations, are included in the schedule. The accompanying schedule of expenditures of federal awards includes the federal grant activity of Pennsylvania Highlands Community College and is presented on the 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). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the general purpose financial statements.
De Minimis Rate Used: N
Rate Explanation: For the year ended June 30, 2023, Pennsylvania Highlands Community College did not elect to use the ten percent (10%) de minimus indirect cost rate as allowed in the Uniform Guidance, section 414.
Pennsylvania Highlands Community College did not provide federal awards to subrecipients during the year ended June 30, 2023.