Notes to SEFA
Title: 4. Reconciliation to Financial Statements
Accounting Policies: 1. Basis of PresentationThe accompanying schedule of expenditures of federal awards (the Schedule) includesthe federal grant activity of the Coalition under programs of the federal government forthe year ended September 30, 2022. The information in this Schedule is presented inaccordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200,Uniform Administrative Requirements, Cost Principles, and Audit Requirements forFederal Awards (Uniform Guidance). Because the Schedule presents only a selectedportion of the operations of the Coalition, it is not intended to, and does not, present thefinancial position, changes in net assets, or cash flows of the Coalition.2. Summary of Significant Accounting PoliciesExpenditures reported on the Schedule are reported on the accrual basis of accounting.Such expenditures are recognized following the cost principles contained in the UniformGuidance wherein certain types of expenditures are not allowable or are limited as toreimbursement.
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate.
Reconciliation between federal expenditures per SEFA and federal grants and contractsper the accompanying statement of activities for the year ended September 30, 2022 is asfollows:Federal expenditures per the schedule ofexpenditures of federal awards $ 1 2,191,066Add: Excess non-refundable funds receivedfrom MDOT MVA 52,655Federal grants and contracts per statement of activities $ 12,243,721