Notes to SEFA
Title: Note 1 – General
Accounting Policies: The Schedule is presented using the modified accrual basis of accounting, which is described in Note 1 to the Department’s financial statements. Whereby eligible grant expenditures are recorded when incurred. Such expenditures are recognized following the cost principles in the Uniform Guidance, wherein certain types of expenditures are not allowable or limited as to reimbursement. The Department has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: Department has elected to not use the rate.
The accompanying Schedule of Expenditures of Federal Awards (the Schedule) presents the activities of all federal awards of the Department. 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 selected portion of the operations of the Department, it is not intended to, and does not, present the net position, changes in net position or cash flows of the Department.
Title: Note 2 – Summary of Significant Accounting Policies
Accounting Policies: The Schedule is presented using the modified accrual basis of accounting, which is described in Note 1 to the Department’s financial statements. Whereby eligible grant expenditures are recorded when incurred. Such expenditures are recognized following the cost principles in the Uniform Guidance, wherein certain types of expenditures are not allowable or limited as to reimbursement. The Department has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: Department has elected to not use the rate.
The Schedule is presented using the modified accrual basis of accounting, which is described in Note 1 to the Department’s financial statements. Whereby eligible grant expenditures are recorded when incurred. Such expenditures are recognized following the cost principles in the Uniform Guidance, wherein certain types of expenditures are not allowable or limited as to reimbursement. The Department has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
Title: Note 3 – Non-Cash Assistance
Accounting Policies: The Schedule is presented using the modified accrual basis of accounting, which is described in Note 1 to the Department’s financial statements. Whereby eligible grant expenditures are recorded when incurred. Such expenditures are recognized following the cost principles in the Uniform Guidance, wherein certain types of expenditures are not allowable or limited as to reimbursement. The Department has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: Department has elected to not use the rate.
The Department did not receive any federal non-cash assistance during the year ended June 30, 2023.
Title: Note 4 – Restatement
Accounting Policies: The Schedule is presented using the modified accrual basis of accounting, which is described in Note 1 to the Department’s financial statements. Whereby eligible grant expenditures are recorded when incurred. Such expenditures are recognized following the cost principles in the Uniform Guidance, wherein certain types of expenditures are not allowable or limited as to reimbursement. The Department has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: Department has elected to not use the rate.
The Schedule was restated to remove an inadvertent subtotal. The removal of this subtotal did not affect the reported balances for the year ended June 30, 2023.