Notes to SEFA
Title: Basis of Presentation
Accounting Policies: The Town of West Blocton followed the accrual basis of accounting
De Minimis Rate Used: N
Rate Explanation: Does not use indirect rate and did not receive any noncash awards
The Town of West Blocton followed the accrual basis of accounting in preparing this schedule. The information in this schedule is presented in accordance with the requirements of OMB’s Uniform Guidance and includes the federal grant activity of the Town of West Blocton for the year ended September 30, 2022.
Title: Appalachian Regional Commission
Accounting Policies: The Town of West Blocton followed the accrual basis of accounting
De Minimis Rate Used: N
Rate Explanation: Does not use indirect rate and did not receive any noncash awards
The program does not utilize the 10% de minimis indirect rate and did not receive any noncash awards during the year.
Title: Subrecipients
Accounting Policies: The Town of West Blocton followed the accrual basis of accounting
De Minimis Rate Used: N
Rate Explanation: Does not use indirect rate and did not receive any noncash awards
There were no subrecipients during the year ended September 30, 2022.