Notes to SEFA
Accounting Policies: Note 1: GeneralThe accompanying Schedule of Expenditures of Federal Awards presents the activity of all federal award programs of the Community Development Agency of Carver County (the CDA), Chaska, Minnesota. The CDAs reporting entity is defined in Note 1A to the CDAs financial statements. All federal financial assistance received directly from the Federal Government is included on the schedule.Note 2: Basis of AccountingThe accompanying Schedule of Expenditures of Federal Awards is presented using the accrual basis of accounting, which is described in Note 1C to the CDAs financial statements.Note 3: Other Federal ProgramsThe CDA also has mortgage insurance for the purchases of housing projects with loans.Note 4: Pass-through Entity Identifying NumbersPass-through entity identifying numbers, if any, are presented where available.Note 5: SubrecipientsNo federal expenditures presented in this schedule were provided to subrecipients.Note 6: Indirect Cost RateDuring the year ended December 31, 2021, the CDA did not elect to use the 10% de minimis indirect cost rate.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.