Notes to SEFA
Title: NOTE 1 - BASIS OF PRESENTATION
Accounting Policies: See Attached
De Minimis Rate Used: N
Rate Explanation: N/A
The Schedule of Expenditures of Federal Awards includes the federal grant activity of the North
Central Counties Consortium and is presented on an accrual basis. 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). The amounts reported in the accompanying Schedule of Expenditures of
Federal Awards agree, in all material respects, to amounts reported within North Central Counties
Consortium’s financial statements.
Title: NOTE 2 - PASS-THROUGH ENTITIE’S IDENTIFYING NUMBER
Accounting Policies: See Attached
De Minimis Rate Used: N
Rate Explanation: N/A
When federal awards were received from a pass-through entity, the Schedule of Expenditures of
Federal Awards shows, if available, the identifying number assigned by the pass-through entity.
When no identifying number is shown, North Central Counties Consortium determined that no
identifying number is assigned for the program or North Central Counties Consortium was unable
to obtain an identifying number from the pass-through entity.
Title: NOTE 3 - FEDERAL ASSISTANCE LISTING NUMBERS
Accounting Policies: See Attached
De Minimis Rate Used: N
Rate Explanation: N/A
The Federal assistance listing number included in the accompanying Schedule of Expenditures of
Federal Awards was determined based on the program name, review of the awarded contract, and
the Office of Management and Budget’s Federal assistance listing numbers.