Notes to SEFA
Title: NOTE C – RECONCILIATION TO THE BASIC FINANCIAL STATEMENTS
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of West Feliciana Parish Government and is presented on the modified 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 basic financial statements.
De Minimis Rate Used: N
Rate Explanation: During the year ended June 30, 2023, the West Feliciana Parish Government did not elect to use the 10% de minimus cost rate as covered in §200.414 of the Uniform Guidance.
Reconciliation of the Schedule of Expenditures of Federal Awards (SEFA) to the Financial
Statements
Total Intergovernmental Revenues $ 1,870,829
Intergovernmental Revenues Excluding Federal Grants (318,845)
Differences of timing of federal receipts for
federal expenditures incurred (18,114)
Loan proceeds recorded on the SEFA
Drinking Water State Revolving Fund (116,890)
Total Federal Expenditures - SEFA $ 1,416,980