Notes to SEFA
Title: NOTE 1 - BASIS OF PRESENTATION
Accounting Policies: Expenditures reported on the Schedule are reported on the cash basis of accounting. Such expenditures
are recognized following cost principles contained in the Uniform Guidance, wherein certain types of
expenditures are not allowable or are limited as to reimbursement. When federal grants are received on a
reimbursement basis, the federal awards are considered expensed when the reimbursement is received.
De Minimis Rate Used: N
Rate Explanation: The Unit has elected not to use the 10-percent de minimis indirect cost rate as allowed under the Uniform
Guidance.
The accompanying schedule of expenditures of federal awards (the "Schedule") includes the federal award
activity of Evansville Metropolitan Planning Organization (the “Unit”) 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 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 Unit, it is not intended to and does
not present the receipts, disbursements, and cash and investment balances – regulatory basis of the Unit.
Expenditures reported on the Schedule are reported on the cash basis of accounting. Such expenditures
are recognized following cost principles contained in the Uniform Guidance, wherein certain types of
expenditures are not allowable or are limited as to reimbursement. When federal grants are received on a
reimbursement basis, the federal awards are considered expensed when the reimbursement is received.
Title: NOTE 2 - INDIRECT COST RATE
Accounting Policies: Expenditures reported on the Schedule are reported on the cash basis of accounting. Such expenditures
are recognized following cost principles contained in the Uniform Guidance, wherein certain types of
expenditures are not allowable or are limited as to reimbursement. When federal grants are received on a
reimbursement basis, the federal awards are considered expensed when the reimbursement is received.
De Minimis Rate Used: N
Rate Explanation: The Unit has elected not to use the 10-percent de minimis indirect cost rate as allowed under the Uniform
Guidance.
The Unit has elected not to use the 10-percent de minimis indirect cost rate as allowed under the Uniform
Guidance.