Notes to SEFA
Title: Subrecipients
Accounting Policies: Basis of accounting refers to when revenues and expenditures are recognized in the accounts and reported in the financial statements. The accounting of the Association is maintained, and the accompanying financial statements have been prepared, on the accrual basis of accounting. Revenues and expenditures are recognized when earned rather than when received, and expenses when they are incurred rather than when paid.
De Minimis Rate Used: N
Rate Explanation: The Department of Health and Human Services approved the following indirect cost rates for the Association for the year ended June 30, 2023: Prevention Technology Transfer Center (PTTC) = 8% and Drug Free Communities = 10%. The Department of Transportation has approved a 10% indirect cost rate for the Association for the year ended June 30, 2023.
The Association provided funds to subrecipients during the current year. The total amount of the funds the Assocation passed through to their subrecipients during the current year was $58,596 as reported in the current year schedule of federal expenditures.