Title: GENERAL
Accounting Policies: Expenditures reported on the Schedule are presented in conformity with accounting principles
generally accepted in the United States and the amounts presented are derived from the College’s
general ledger. Such expenditures are recognized following the cost principles contained in the
Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to
reimbursement.
De Minimis Rate Used: N
Rate Explanation: The auditee did not elect to use the de minimis cost rate.
The accompanying schedule of expenditures of federal awards (Schedule) includes the federal
grant activity of the Suffolk County Community College (College), under programs of the federal
government for the year ended August 31, 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). Because the Schedule presents only a selected portion of the operations of
the College, and it is not intended to and does not present the financial position of the respective
changes in the financial position of the business-type activities of the College.
Title: BASIS OF ACCOUNTING
Accounting Policies: Expenditures reported on the Schedule are presented in conformity with accounting principles
generally accepted in the United States and the amounts presented are derived from the College’s
general ledger. Such expenditures are recognized following the cost principles contained in the
Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to
reimbursement.
De Minimis Rate Used: N
Rate Explanation: The auditee did not elect to use the de minimis cost rate.
Expenditures reported on the Schedule are presented in conformity with accounting principles
generally accepted in the United States and the amounts presented are derived from the College’s
general ledger. Such expenditures are recognized following the cost principles contained in the
Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to
reimbursement.
Title: PASS-THROUGH PROGRAMS
Accounting Policies: Expenditures reported on the Schedule are presented in conformity with accounting principles
generally accepted in the United States and the amounts presented are derived from the College’s
general ledger. Such expenditures are recognized following the cost principles contained in the
Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to
reimbursement.
De Minimis Rate Used: N
Rate Explanation: The auditee did not elect to use the de minimis cost rate.
Where the College receives funds from a government entity other than the federal government
(pass-through), the funds are accumulated based upon the Assistance Listing Number advised
by the pass-through grantor.
Identifying numbers, other than Assistance Listing numbers, which may be assigned bypassthrough
grantors are not maintained in the College’s financial management system. The College
has identified certain pass-through identifying numbers and included them in the schedule of
federal awards, as available.
Title: INDIRECT COSTS
Accounting Policies: Expenditures reported on the Schedule are presented in conformity with accounting principles
generally accepted in the United States and the amounts presented are derived from the College’s
general ledger. Such expenditures are recognized following the cost principles contained in the
Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to
reimbursement.
De Minimis Rate Used: N
Rate Explanation: The auditee did not elect to use the de minimis cost rate.
Indirect costs are included in the reported expenditures to the extent they are included in the
financial reports used as the source for the expenditures presented.
The College did not elect to use the 10 percent de minimis indirect cost rate as allowed under the
Uniform Guidance.
Title: MATCHING COSTS
Accounting Policies: Expenditures reported on the Schedule are presented in conformity with accounting principles
generally accepted in the United States and the amounts presented are derived from the College’s
general ledger. Such expenditures are recognized following the cost principles contained in the
Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to
reimbursement.
De Minimis Rate Used: N
Rate Explanation: The auditee did not elect to use the de minimis cost rate.
Matching costs, i.e., the College’s share of certain program costs, are not included in theMatching costs, i.e., the College’s share of certain program costs, are not included in the
reported expenditures.
Title: STUDENT LOANS
Accounting Policies: Expenditures reported on the Schedule are presented in conformity with accounting principles
generally accepted in the United States and the amounts presented are derived from the College’s
general ledger. Such expenditures are recognized following the cost principles contained in the
Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to
reimbursement.
De Minimis Rate Used: N
Rate Explanation: The auditee did not elect to use the de minimis cost rate.
The College also participates in the Guaranteed Student Loan program, Assistance Listing number
84.268, which offers low-interest loans to students and parents. The College is partly responsible
for administering the loan program. During the fiscal year 2022-2023, total loans under this
program amounted to $6,845,034 including supplemental loans to students.