Notes to SEFA
Title: Basis of Presentation
Accounting Policies: Expenditures reported on the SEFA 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.
De Minimis Rate Used: Y
Rate Explanation: DCFNE has elected to use the 10% de minimis indirect cost rate, as allowed under the
Uniform Guidance.
The accompanying schedule of expenditures of federal and District of Columbia awards
(SEFA) includes the federal award activity of DCFNE under the programs of the federal
government for the year ended September 30, 2023. The information in the SEFA 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 SEFA presents only
a selected portion of the operations of DCFNE, it is not intended to, and does not, present
the financial position, changes in net assets, or cash flows of DCFNE.
Title: Summary of Significant Accounting Policies
Accounting Policies: Expenditures reported on the SEFA 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.
De Minimis Rate Used: Y
Rate Explanation: DCFNE has elected to use the 10% de minimis indirect cost rate, as allowed under the
Uniform Guidance.
Expenditures reported on the SEFA 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.
Title: Indirect Cost Rate
Accounting Policies: Expenditures reported on the SEFA 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.
De Minimis Rate Used: Y
Rate Explanation: DCFNE has elected to use the 10% de minimis indirect cost rate, as allowed under the
Uniform Guidance.
DCFNE has elected to use the 10% de minimis indirect cost rate, as allowed under the
Uniform Guidance.