Notes to SEFA
Title: Basis of Presentation
Accounting Policies: The accompanying Schedule of Federal Awards is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: NSBU has elected not to use the 10% de minimus indirect cost rate as allowed under the Uniform Guidance.
The accompanying Schedule of Federal Awards is presented on the accrual basis of accounting. The information in this schedule is presented
in accordance with the requirements of the Uniform Guidance.
Title: Indirect Cost Rate
Accounting Policies: The accompanying Schedule of Federal Awards is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: NSBU has elected not to use the 10% de minimus indirect cost rate as allowed under the Uniform Guidance.
NSBU has elected not to use the 10% de minimus indirect cost rate as allowed under the Uniform Guidance
Title: Disaster Grants - Public Assistance
Accounting Policies: The accompanying Schedule of Federal Awards is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: NSBU has elected not to use the 10% de minimus indirect cost rate as allowed under the Uniform Guidance.
During the fiscal year ended September 30, 2023, there were $2,796,246 related to FEMA-approved projects for the entity for expenses that have incurred. $690,667 of the expenses included on the SEFA were expended in the year ended September 30, 2022.