Notes to SEFA
Title: BASIS OF ACCOUNTING
Accounting Policies: THIS SCHEDULE IS IN ACCORDANCE WITH REQUIREMENTS OF TITLE 2 US CODE OF FEDERAL REGULATIONS PART 200, UNIFORM ADMINISTRATIVE REQUIREMENTS, COST PRINCIPLES, AND AUDIT REQUIREMENTS FOR FEDERAL AWARDS. BECAUSE THE SCHEDULE PRESENTS ONLY A SELECTED PORTION OF THE OPERATIONS OF THE ORGANIZATION IT IS NOT INTENDED TO AND DOES NOT PRESENT THE FINANCIAL POSITION, CHANGE IN NET ASSETS OR CASH FLOWS OF THE ORGANIZATION.
De Minimis Rate Used: Y
Rate Explanation: THE ORGANIZATION USED THE 10 PERCENT DE MINIMIS INDIRECT COST RATE ON ALN NUMBERS 93.912. FOR THE REMAINDER OF THE GRANTS, THEY USED A RATE LESS THAN THE DE MINIMIS RATE AS SPECIFIED IN THE GRANT AGREEMENTS.
THE ACCRUAL BASIS OF ACCOUNTING IS FOLLOWED IN THE SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS AND STATE FINANCIAL ASSISTANCE. UNDER THA ACCRUAL BASIS, REVENUES ARE RECOGNIZED WHEN THEY BECOME EARNED. EXPENSES GENERALLY ARE RECORDED WHEN A LIABILITY IS INCURRED.
Title: SUBRECIPIENTS
Accounting Policies: THIS SCHEDULE IS IN ACCORDANCE WITH REQUIREMENTS OF TITLE 2 US CODE OF FEDERAL REGULATIONS PART 200, UNIFORM ADMINISTRATIVE REQUIREMENTS, COST PRINCIPLES, AND AUDIT REQUIREMENTS FOR FEDERAL AWARDS. BECAUSE THE SCHEDULE PRESENTS ONLY A SELECTED PORTION OF THE OPERATIONS OF THE ORGANIZATION IT IS NOT INTENDED TO AND DOES NOT PRESENT THE FINANCIAL POSITION, CHANGE IN NET ASSETS OR CASH FLOWS OF THE ORGANIZATION.
De Minimis Rate Used: Y
Rate Explanation: THE ORGANIZATION USED THE 10 PERCENT DE MINIMIS INDIRECT COST RATE ON ALN NUMBERS 93.912. FOR THE REMAINDER OF THE GRANTS, THEY USED A RATE LESS THAN THE DE MINIMIS RATE AS SPECIFIED IN THE GRANT AGREEMENTS.
THE ORGANIZATION HAD NO SUBRECIPIENTS DURING THE FISCAL YEAR.