Notes to SEFA
Title: SEFA preparation
Accounting Policies: The SEFA is prepared in accordance with the modified accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: n/a
the SEFA is prepared utilizing the Cash Management System Grant Auditor Report.
Title: SEFA reconciliation to revenues per finanical statements
Accounting Policies: The SEFA is prepared in accordance with the modified accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: n/a
The SEFA expenditures are less than the Federal revenues per the governmental fund financial statements in the amount of 696,944 due to exclusion of Federal grants for individuals being excluded from the SEFA.
Title: Pass through etity abbreviations
Accounting Policies: The SEFA is prepared in accordance with the modified accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: n/a
MDE Michigan Department of Education; MAISD Montcalm Area Intermediate School District