Notes to SEFA
Accounting Policies: NOTE 1 - GENERALThe supplementary Schedule of Expenditures of Federal Awards (Schedule) has been prepared usingthe cash basis method of accounting. It is drawn primarily from PROPSS's internal accounting records,which are the basis for PROPSS Statement of Cash Receipts, Disbursements and Net Changes (theStatement).The accompanying Schedule of Expenditures of Federal Awards (Schedule) includes the federal awardactivity of PROPSS. The information in this schedule is presented in accordance with the requirementsof the Uniform Guidance, Audits of States, Local Governments, and Non-Profit Organizations.Therefore, some amounts presented in this Schedule may differ from amounts presented in, or used inthe preparation of, the Statement. PROPSS reporting entity is defined in Note 1 in the Notes to theStatement. All federal awards received passed-through other government agencies, if any, are includedon the Schedule.NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIESThis schedule is prepared from PROPSS' accounting records and is not intended to present financialposition or the results of operations. The financial transactions are recorded by the PROPSS inaccordance with the terms and conditions of the grants, which are consistent with US GAAP.Expenditures are recognized in the accounting period in which the liability is paid. PROPSS has electednot to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance. NOTE 3 - FEDERAL CFDA NUMBERThe CFDA numbers included in this Schedule were determined based on the program name, review ofgrant contract information and the Office of Management and Budget's Catalog of Federal DomesticAssistance.NOTE 4 - MAJOR PROGRAMSMajor programs are identified in the Summary of Auditor Results Section of the Schedule of Findingsand Questioned Costs on page 19.NOTE 5 - RELATIONSHIP TO THE STATEMENTCash disbursements included in the Schedule of Expenditures of Federal Awards agree with theamounts included in the accompanying Statement of Cash Receipts, Disbursements and Net Changes.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.