Notes to SEFA
Title: Basis of Presentation
Accounting Policies: 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. Pass-through entity identifying numbers are presented where available.
De Minimis Rate Used: Y
Rate Explanation: The Agency does not have a federally approved negotiated indirect cost-rate agreement and,
therefore, is subject to the 10-percent de minimis indirect cost rate under the Uniform
Guidance.
The accompanying schedule of expenditures of federal awards (the Schedule) includes the
federal grant activity of the Agency 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 U.S 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 the
Agency, it is not intended to and does not present the financial position, changes in net assets
or cash flows of the Agency.
Title: Indirect Cost Rate
Accounting Policies: 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. Pass-through entity identifying numbers are presented where available.
De Minimis Rate Used: Y
Rate Explanation: The Agency does not have a federally approved negotiated indirect cost-rate agreement and,
therefore, is subject to the 10-percent de minimis indirect cost rate under the Uniform
Guidance.
The Agency does not have a federally approved negotiated indirect cost-rate agreement and,
therefore, is subject to the 10-percent de minimis indirect cost rate under the Uniform
Guidance.