Notes to SEFA
Title: Reporting Entity
Accounting Policies: Funds received under the various grant programs have been recorded with separated account codes.
The accompanying Schedule of Expenditures of Federal Awards has been prepared on the modified accrual basis of accounting. Modified accrual accounting recognizes revenues when they become
available and measurable and, with few exceptions, recognizes expenditures when liabilities are incurred.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The Sacramento Metropolitan Fire District’s (District) reporting entity is defined in Note #1 of the District’s basic financial statements. All federal awards received directly from federal agencies, as well as federal awards passed through other governmental agencies to the District if any, are included in the
accompanying schedule.
Title: Basis of Accounting
Accounting Policies: Funds received under the various grant programs have been recorded with separated account codes.
The accompanying Schedule of Expenditures of Federal Awards has been prepared on the modified accrual basis of accounting. Modified accrual accounting recognizes revenues when they become
available and measurable and, with few exceptions, recognizes expenditures when liabilities are incurred.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
Funds received under the various grant programs have been recorded with separated account codes. The accompanying Schedule of Expenditures of Federal Awards has been prepared on the modified accrual basis of accounting. Modified accrual accounting recognizes revenues when they become available and measurable and, with few exceptions, recognizes expenditures when liabilities are incurred.
Title: Relationship of Schedule of Expenditures of Federal Awards to Financial Statements
Accounting Policies: Funds received under the various grant programs have been recorded with separated account codes.
The accompanying Schedule of Expenditures of Federal Awards has been prepared on the modified accrual basis of accounting. Modified accrual accounting recognizes revenues when they become
available and measurable and, with few exceptions, recognizes expenditures when liabilities are incurred.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The accompanying Schedule presents the activity of all federal financial assistance programs of the District. Federal financial assistance received directly from federal agencies as well as federal financial
assistance passed through the State of California is included in the Schedule.
The Schedule was prepared only from the accounts of various grant programs and, therefore, does not present the financial position or results of operations of the District.
Title: Pass-Through Entities’ Identifying Number
Accounting Policies: Funds received under the various grant programs have been recorded with separated account codes.
The accompanying Schedule of Expenditures of Federal Awards has been prepared on the modified accrual basis of accounting. Modified accrual accounting recognizes revenues when they become
available and measurable and, with few exceptions, recognizes expenditures when liabilities are incurred.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
When federal awards were received from a pass-through entity, the Schedule shows, if available, the identifying number assigned by the pass-through entity. When no identifying number is shown, the District determined that no identifying number is assigned for the program or the District was unable to obtain an identifying number from the pass-through entity.
Title: Indirect Costs
Accounting Policies: Funds received under the various grant programs have been recorded with separated account codes.
The accompanying Schedule of Expenditures of Federal Awards has been prepared on the modified accrual basis of accounting. Modified accrual accounting recognizes revenues when they become
available and measurable and, with few exceptions, recognizes expenditures when liabilities are incurred.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The District did not elect to use the 10% de minimis indirect cost rate.