Notes to SEFA
Title: Notes to Schedule of Expenditures of Federal Awards
Accounting Policies: The Southern California Library Cooperative (Cooperative) include expenditures in its Schedule of Expenditures of Federal Awards (SEFA Schedule) for federal awards received indirectly by the Cooperative from a nonfederal agency, State of California – California State Library. Only the portion of program expenditures reimbursable with such federal funds is reported in the accompanying schedule. Program expenditures in excess of the maximum federal reimbursement authorized or the portion of the program expenditures that was funded with other state, local, or other nonfederal funds are excluded from the accompanying SEFA schedule.
De Minimis Rate Used: N
Rate Explanation: The Cooperative has elected not to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.
See page 65 of the SCLC FY 2023 Report (or page 7 of the Single Audit Report)