Notes to SEFA
Title: Note 3 - Donated Personal Protective Equipment (PPE) (Unaudited)
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the
federal award activity of the Town of Ashland, Massachusetts (the Town) under programs of
the federal government for the year ended June 30, 2022. The information in the Schedule is
presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations
(CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements
for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected
portion of the operations of the Town, it is not intended to and does not present the financial
position, changes in net position, or cash flows of the Town. Expenditures reported on the Schedule are reported on the modified 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 to
reimbursement. The amounts reported for the National School Lunch Program – Non-Cash Assistance
represent the fair value of commodities received.
De Minimis Rate Used: N
Rate Explanation: The Town has elected not to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance
During fiscal year 2022, the Town did not receive donated PPE from federal sources.