Notes to SEFA
Title: Basis of Presentation
Accounting Policies: The accompanying schedule of expenditures of federal awards (the “Schedule”) includes the federal award activity of Georgia Federal-State Shipping Point Inspection Service, Inc. under programs of the federal government for the year ended June 30, 2023. The information in this 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 Georgia Federal-State Shipping Point Inspection Service, Inc., it is not intended to and does not present the financial position, changes in net assets, or cash flows of Georgia Federal-State Shipping Point Inspection Service, Inc.
De Minimis Rate Used: N
Rate Explanation: GFSIS does not get reimbursed for any indirect expenses
The accompanying schedule of expenditures of federal awards (the “Schedule”) includes the federal award activity of Georgia Federal-State Shipping Point Inspection Service, Inc. under programs of the federal government for the year ended June 30, 2023. The information in this 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 Georgia Federal-State Shipping Point Inspection Service, Inc., it is not intended to and does not present the financial position, changes in net assets, or cash flows of Georgia Federal-State Shipping Point Inspection Service, Inc.