Notes to SEFA
Title: Program Income
Accounting Policies: The accompanying schedule of expenditures of Federal awards includes the Federal grant activity of the Town and is presented on the modified accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The Town did not elect to use the 10% de minimis indirect cost rate as coered in 2 CFR Part 200 Section414.
The Town had program income in the Child Nutrition Cluster (ALN 10.559 & 10.569) in the amount of $413,694
Title: Subreceipients
Accounting Policies: The accompanying schedule of expenditures of Federal awards includes the Federal grant activity of the Town and is presented on the modified accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The Town did not elect to use the 10% de minimis indirect cost rate as coered in 2 CFR Part 200 Section414.
The Town passed down to subreceipients through the Community Development Block Grant (ALN 14.228) in the amount of $19,875