Notes to SEFA
Title: Basis of presentation
Accounting Policies: 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. The Company has not elected to use the 10 percent de minimis indirect cost rate
as allowed under the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: The auditee did not elect to use the de minimis cost rate.
The accompanying schedule of expenditures of federal awards (the “Schedule”) includes the
federal grant activity of Seneca Telecommunications, LLC (the “Company”) under programs of
the U.S. federal government for the year ended September 30, 2023. The information in this
Schedule is presented in accordance with the Title 2 U.S. Code of Federal Regulations (“CFR”)
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 Company, it is not intended to and does not present the financial position,
changes in net position or cash flows of the Company. The following notes were identified on the
Schedule:
a. Includes all federal award programs of the Company.
b. Source: Federal Assistance Listing Numbers, previously known as Catalog of Federal
Domestic Assistance.
c. Pass-through entity identifying numbers are presented where available.
d. Prepared under accounting principles generally accepted in the United States of America
and includes all federal awards programs.