Notes to SEFA
Title: BASIS OF PRESENTATION
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes federal grant activity of
Middle Georgia Center for Academic Excellence, Inc. (the “Center”) and is presented on the accrual
basis of accounting. This method is consistent with the method used in the preparation of the
Center’s financial statements.
De Minimis Rate Used: N
Rate Explanation: The Center did not use the 10% de minimis cost rate for the year ended August 31, 2023.
The accompanying Schedule of Expenditures of Federal Awards includes federal grant activity of
Middle Georgia Center for Academic Excellence, Inc. (the “Center”) and is presented on the accrual
basis of accounting. This method is consistent with the method used in the preparation of the
Center’s financial statements.
Title: DE MINIMIS INDIRECTO COST RATE
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes federal grant activity of
Middle Georgia Center for Academic Excellence, Inc. (the “Center”) and is presented on the accrual
basis of accounting. This method is consistent with the method used in the preparation of the
Center’s financial statements.
De Minimis Rate Used: N
Rate Explanation: The Center did not use the 10% de minimis cost rate for the year ended August 31, 2023.
The Center did not use the 10% de minimis cost rate for the year ended August 31, 2023.
Title: SUBRECIPIENTS
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes federal grant activity of
Middle Georgia Center for Academic Excellence, Inc. (the “Center”) and is presented on the accrual
basis of accounting. This method is consistent with the method used in the preparation of the
Center’s financial statements.
De Minimis Rate Used: N
Rate Explanation: The Center did not use the 10% de minimis cost rate for the year ended August 31, 2023.
No grant funds were passed through to subrecipients during the year ended August 31, 2023.