Notes to SEFA
Accounting Policies: (1) GENERAL INFORMATION
The accompanying schedule of expenditures of federal, state and city awards presents the activities in all
the federal, state and city awards programs of ECS. All government financial assistance received directly
from federal, state or city agencies, as well as financial assistance passed through other governmental
agencies or not-for-profit organizations, is included on the schedule.
(2) BASIS OF ACCOUNTING
The schedule of expenditures of federal, state and city awards is presented using the accrual basis of
accounting. The amounts reported in this schedule as expenditures may differ from certain financial
reports submitted to funding sources on either a cash or modified accrual basis of accounting.
(3) RELATIONSHIP TO BASIC FINANCIAL STATEMENTS
Federal, state and city awards expenditures are reported on the statements of activities and functional
expenses. In certain programs, the expenditures reported in the basic financial statements may differ from
the expenditures reported in the schedule of expenditures of federal, state and city awards, because
program expenditures exceeding grant or contract budget limitations are not reflected on the schedule of
expenditures of federal, state and city awards.
(4) INDIRECT COSTS
ECS has not elected to use the 10-percent de minimus indirect cost rate allowed under the Uniform
Guidance.
De Minimis Rate Used: N
Rate Explanation: ECS has not elected to use the 10-percent de minimus indirect cost rate allowed under the Uniform
Guidance.