Notes to SEFA
Title: NOTE 1 - GENERAL
Accounting Policies: The accompnaying SEFA has been prepared on the accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: SolTrans has elected not to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.
The accompanying Schedule of Expenditures of Federal Awards (SEFA) presents the activity of all federal award programs of Solano County Transit (SolTrans). All federal awards received directly from federal agencies as well as federal awards passed through from other government agencies are included on the SEFA.
Title: NOTE 2 - BASIS OF ACCOUNTING
Accounting Policies: The accompnaying SEFA has been prepared on the accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: SolTrans has elected not to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.
The accompanying SEFA has been prepared on the accrual basis of accounting.
Title: NOTE 3 - INDIRECT COST RATE
Accounting Policies: The accompnaying SEFA has been prepared on the accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: SolTrans has elected not to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.
SolTrans has elected not to use the 10 percent de minimis indirect cost rate allowed under the Uniform
Guidance.