Notes to SEFA
Title: Basis of Presentation
Accounting Policies: The Schedule is presented using generally accepted accounting principles, as described in the BOCES' basic financial statements.
De Minimis Rate Used: N
Rate Explanation: Indirect costs are included in the reported expenditures to the extent they are included in the financial reports used as the source for the expenditures presented.
The BOCES did not elect to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal grant activity of the Orange Ulster BOCES (BOCES), under programs of the federal government for the year ended June 30, 2023. The information in the 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 portion of the operations of the BOCES, it is not intended to and does not present the financial position or the respective changes in the financial position of the governmental activities and each major fund of the BOCES.
Title: Summary of Significant Accounting Policies
Accounting Policies: The Schedule is presented using generally accepted accounting principles, as described in the BOCES' basic financial statements.
De Minimis Rate Used: N
Rate Explanation: Indirect costs are included in the reported expenditures to the extent they are included in the financial reports used as the source for the expenditures presented.
The BOCES did not elect to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.
Expenditures reported on the Schedule are presented in conformity with accounting principles generally accepted in the United States and the amounts presented are derived from the BOCES' general ledger.
Title: Pass-Through Programs
Accounting Policies: The Schedule is presented using generally accepted accounting principles, as described in the BOCES' basic financial statements.
De Minimis Rate Used: N
Rate Explanation: Indirect costs are included in the reported expenditures to the extent they are included in the financial reports used as the source for the expenditures presented.
The BOCES did not elect to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.
Where the BOCES receives funds from a government entity other than the federal government (pass-through), the funds are accumulated based upon the Assistance Listings number advised by the pass-through grantor. Identifying numbers, other than the Assistance Listing numbers, which may be assigned by pass-through grantors are not maintained in the BOCES' financial management system. The BOCES has identified certain pass-through identifying numbers and included them in the schedule of expenditures of federal awards, as available.
Title: Matching Costs
Accounting Policies: The Schedule is presented using generally accepted accounting principles, as described in the BOCES' basic financial statements.
De Minimis Rate Used: N
Rate Explanation: Indirect costs are included in the reported expenditures to the extent they are included in the financial reports used as the source for the expenditures presented.
The BOCES did not elect to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.
Matching costs, i.e., the BOCES' share of certain program costs, are not included in the reported expenditures.
Title: Non-Monetary Federal Program
Accounting Policies: The Schedule is presented using generally accepted accounting principles, as described in the BOCES' basic financial statements.
De Minimis Rate Used: N
Rate Explanation: Indirect costs are included in the reported expenditures to the extent they are included in the financial reports used as the source for the expenditures presented.
The BOCES did not elect to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.
The BOCES is the recipient of a federal financial award program that does not result in cash receipts or disbursements termed a “non-monetary” program. During the year ended June 30, 2023, the BOCES received food commodities, totaling $34,719, which are presented in the schedule as National School Lunch Program under Assistance Listing number 10.555.