Notes to SEFA
Title: Note A - General
Accounting Policies: The accompanying schedule of expenditures of federal awards is a summary of the activity of the intermediate unit's federal award programs presented using the modified accrual basis of accounting as described in the financial statements.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The accompanying schedule of expenditures of federal awards presents the activity of all federal financial assistance programs of the Intermediate Unit. The Intermediate Unit reporting entity is defined in Note 1 to the Intermediate Unit’s financial statements. Federal financial assistance passed through other government agencies is included on the schedule.
Title: Note B - Basis of Accounting
Accounting Policies: The accompanying schedule of expenditures of federal awards is a summary of the activity of the intermediate unit's federal award programs presented using the modified accrual basis of accounting as described in the financial statements.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The accompanying schedule of expenditures of federal awards is a summary of the activity of the Intermediate Unit’s federal award programs presented using the modified accrual basis of accounting as described in the financial statements.
Title: Note C - Federal Expenditures
Accounting Policies: The accompanying schedule of expenditures of federal awards is a summary of the activity of the intermediate unit's federal award programs presented using the modified accrual basis of accounting as described in the financial statements.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The schedule of expenditures of federal awards reflects federal expenditures for all individual grants, which were active during the fiscal year.
Title: Note D - Subrecipients
Accounting Policies: The accompanying schedule of expenditures of federal awards is a summary of the activity of the intermediate unit's federal award programs presented using the modified accrual basis of accounting as described in the financial statements.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The Intermediate Unit provided federal awards to subrecipients as follows:
1) IDEA-B; ALN 84.027; $16,693,971
2) IDEA 619; ALN 84.173; $53,223
TOTAL: $16,747,194
Title: Note E - Indirect Cost Rates
Accounting Policies: The accompanying schedule of expenditures of federal awards is a summary of the activity of the intermediate unit's federal award programs presented using the modified accrual basis of accounting as described in the financial statements.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The Intermediate Unit has not elected to use the 10% de minimis indirect cost rate as allowed in Uniform Guidance, Section 414.