Notes to SEFA
Title: FEDERAL ASSISTANCE LISTING NUMBER
Accounting Policies: The supplementary Schedule of Expenditures of Federal Awards (SEFA) has been prepared using the cashbasis method of accounting. It is drawn primarily from OCAs internal accounting records, which are thebasis for OCAs Statement of Cash Receipts and Disbursements.
De Minimis Rate Used: N
Rate Explanation: The OCA did not use the de minimis cost rate since all costs are charged directly to the federal awards.
The Assisting Listing Number included in this schedule are determined based on the program name, review of grant contract information and the Office of Management and Budget’s Catalogue of Federal Assistance.
Title: MAJOR PROGRAMS
Accounting Policies: The supplementary Schedule of Expenditures of Federal Awards (SEFA) has been prepared using the cashbasis method of accounting. It is drawn primarily from OCAs internal accounting records, which are thebasis for OCAs Statement of Cash Receipts and Disbursements.
De Minimis Rate Used: N
Rate Explanation: The OCA did not use the de minimis cost rate since all costs are charged directly to the federal awards.
Major programs are identified in the Summary of Auditor Results Section of the Schedule of Findings and Questioned Costs.
Title: RELATIONSHIP TO THE BASIC FINANCIAL STATEMENTS
Accounting Policies: The supplementary Schedule of Expenditures of Federal Awards (SEFA) has been prepared using the cashbasis method of accounting. It is drawn primarily from OCAs internal accounting records, which are thebasis for OCAs Statement of Cash Receipts and Disbursements.
De Minimis Rate Used: N
Rate Explanation: The OCA did not use the de minimis cost rate since all costs are charged directly to the federal awards.
Expenditures included in the Schedule of Expenditures of Federal Awards agree with the amounts included in the accompanying statement of Cash Receipts and Disbursements, except for those related to Disaster Grants – Public Assistance (CFDA 97.036) that are recognized when incurred and approved by the granting Agency (FEMA). The disbursements included in the SEFA related to FEMA funds were incurred in fiscal year 2017-2018, but approved during the fiscal year 2022-2023 for which the amount of $215,378 is presented.