Notes to SEFA
Title: Note A - Basis of Presentation
Accounting Policies: Accrual basis of accounting
De Minimis Rate Used: Y
Rate Explanation: Marshall-Starke Development Center has elected to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Marshall-Starke Development Center, Inc. under programs of the federal government for the year ended June 30, 2023. The information in this Schedule is presented in accordance with the requirements of Title 2, US Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of Marshall-Starke Development Center, Inc., it is not intended to and does not present the financial position, changes in ner assets or cash flows of Marshall-Starke Development Center, Inc.
Title: Note B - Summary of Significant Account Policies
Accounting Policies: Accrual basis of accounting
De Minimis Rate Used: Y
Rate Explanation: Marshall-Starke Development Center has elected to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.
(1) Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. (2) Pass-through entity identifying numbers are presented where available. (3) Marshall-Starke Development Center, Inc. has elected to use the 10 percent de minimis indirect cost rate as allowable under the Uniform Guidance. (4) Marshall-Starke Development Center, Inc. has no awards passed through to subrecipients.