Notes to SEFA
Accounting Policies: Basis of PresentationThe accompanying Schedule of Expenditures of Federal Awards includes all significant federally funded grant programs of the Agency and has been prepared on the accrual basis of accounting.Accrued and Deferred ReimbursementVarious reimbursement procedures are used for Federal awards received by Agency. Timing differences may occur between expenses and reimbursements during a year. Accrued revenues at year-end represent an excess of expenses over cash reimbursements received. Deferred revenues at year-end represent an excess of cash received over eligible program expenses. Generally, accrued and deferred amounts caused by timing differences will be reversed in the subsequent year. Source code: I - Indirect funding D- Direct funding Grant Abbreviation: CARES- Coronavirus Aid, Relief, and Economic Security Act FFCRA-Families First Coronavirus Response Act ARPA- American Rescue Plan Act
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.