Notes to SEFA
Title: NOTE 1 - BASIS OF PRESENTATION
Accounting Policies: N/A
De Minimis Rate Used: N
Rate Explanation: The Academy did not elect to use the 10 percent de minimis indirect cost rate as covered in 2 CFR §200.414.
The accompanying Schedule of Expenditures of Federal Awards includes the federal grant transactions of Southwest Leadership Academy (the Academy), 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).
Title: NOTE 2 - FEDERAL ASSISTANCE LISTING NUMBER
Accounting Policies: N/A
De Minimis Rate Used: N
Rate Explanation: The Academy did not elect to use the 10 percent de minimis indirect cost rate as covered in 2 CFR §200.414.
The program titles and Federal Assistance Listing numbers were obtained from the federal or passthrough grantor or the 2023 Federal Assistance Listings. When no Federal Assistance Listings
numbers had been assigned to a program, the two digit federal agency identifier and the federal contract number were used. When there was no federal contract number, the two digit federal agency
identifier and the word "unknown" were used.
Title: NOTE 4 - SUBRECIPIENTS
Accounting Policies: N/A
De Minimis Rate Used: N
Rate Explanation: The Academy did not elect to use the 10 percent de minimis indirect cost rate as covered in 2 CFR §200.414.
The Academy did not pass any funds onto subrecipients during the year ended June 30, 2023.