Notes to SEFA
Title: Note 1: General
Accounting Policies: Note 2: Basis of Accounting With the exception of expenditures related to the Provider Relief Fund (PRF), expenditures on the Schedule are reported on the accrual basis of accounting and are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. The PRF is not subject to cost principles requirements contained in the Uniform Guidance. Expenditures reported on the Schedule for PRF are based on the PRF period of availability, terms and conditions of the PRF program, and
amounts reported in the PRF portal for the reporting period 5, due September 30, 2023.
De Minimis Rate Used: N
Rate Explanation: Note 4: Indirect Cost Rate The District has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
The accompanying schedule of expenditures of federal awards (the “Schedule”) includes the federal award activity of the District. The information in the Schedule is presented in accordance with requirements of the Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (the “Uniform Guidance”). Because the Schedule presents only a selected portion of the operations of the District, it is not intended to and does not present the financial position, changes in net position, or cash flows of the District.
Title: Note 3: Loan Balance
Accounting Policies: Note 2: Basis of Accounting With the exception of expenditures related to the Provider Relief Fund (PRF), expenditures on the Schedule are reported on the accrual basis of accounting and are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. The PRF is not subject to cost principles requirements contained in the Uniform Guidance. Expenditures reported on the Schedule for PRF are based on the PRF period of availability, terms and conditions of the PRF program, and
amounts reported in the PRF portal for the reporting period 5, due September 30, 2023.
De Minimis Rate Used: N
Rate Explanation: Note 4: Indirect Cost Rate The District has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
The District had outstanding loans with USDA as of June 30, 2023, with a balance of $20,457,000. The loan balance at the beginning of the year was included in the federal expenditures presented on the Schedule. There were no new loans received during the year ended June 30, 2023.
Title: Note 5: Subrecipients
Accounting Policies: Note 2: Basis of Accounting With the exception of expenditures related to the Provider Relief Fund (PRF), expenditures on the Schedule are reported on the accrual basis of accounting and are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. The PRF is not subject to cost principles requirements contained in the Uniform Guidance. Expenditures reported on the Schedule for PRF are based on the PRF period of availability, terms and conditions of the PRF program, and
amounts reported in the PRF portal for the reporting period 5, due September 30, 2023.
De Minimis Rate Used: N
Rate Explanation: Note 4: Indirect Cost Rate The District has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
The District does not have any subrecipients of federal awards.