Notes to SEFA
Title: Note 3: Subrecipients
Accounting Policies: The accompanying Schedule of Expenditures of Federal includes the federal grant activity of Safe Journeys and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of the Office of Management and Budget Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements.
De Minimis Rate Used: Y
Rate Explanation: The auditee used the 10% de minimis cost rate.
Of the federal expenditures presented in the schedule, Safe Journeys provided no federal awards to subrecipients.
Title: Note 4: Non- Cash Assistance
Accounting Policies: The accompanying Schedule of Expenditures of Federal includes the federal grant activity of Safe Journeys and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of the Office of Management and Budget Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements.
De Minimis Rate Used: Y
Rate Explanation: The auditee used the 10% de minimis cost rate.
There were no expenses in the form of non-cash assistance by the Safe Journeys.
Title: Note 5: Other Information
Accounting Policies: The accompanying Schedule of Expenditures of Federal includes the federal grant activity of Safe Journeys and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of the Office of Management and Budget Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements.
De Minimis Rate Used: Y
Rate Explanation: The auditee used the 10% de minimis cost rate.
Insurance coverage in effect paid with Federal funds during the fiscal year: Property, $7,451; Auto $0; General Liability, $5,243; Workers Compensation, $9,129; Loans/Loan Guarantees Outstanding at June 30, $0; Organization had federal grants requiring matching expenditures, Yes