Notes to SEFA
Title: Note 3 - Noncash Awards
Accounting Policies: This Schedule is prepared on the same basis of accounting as the NWRCs financial statements. The NWRC uses the cash basis method of accounting.
De Minimis Rate Used: N
Rate Explanation: The NWRC has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
The amount of Senior Farmers Market Nutrition Program (SFMNP) vouchers reported on the Schedule is the value of SFMNP vouchers received by the NWRC during current year and priced as prescribed by State of Washington Aging and Long-Term Support Administration.
Title: Note 4 - Program Costs
Accounting Policies: This Schedule is prepared on the same basis of accounting as the NWRCs financial statements. The NWRC uses the cash basis method of accounting.
De Minimis Rate Used: N
Rate Explanation: The NWRC has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
The amounts shown as current year expenditures represent only the federal grant portion of the program costs. Entire program costs, including the NWRCs portion, are more than shown. Such expenditures are recognized following the cost principles contained in Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, wherein certain types of expenditures are not allowable or are limited as to reimbursement.