Notes to SEFA
Accounting Policies: The SEFA includes federal grants passed through the MS Department of Mental Health for the year ending June 30, 2022. The information presented in this schedule is in accordance with the requirements of Title 2 US Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for the Federal Awards (Uniform Guidance). Due to the fact that the schedule only presents a portion of the operations of the Agency, it is not intended to, nor does it present the financial position, changes in net assets or cash flow of the agency. 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 de minimis cost rate for the two direct grants received from SAMHSA. The de minimis indirect cost rate of 10% was used for both grants directly received from SAMHSA.