Notes to SEFA
Title: SIGNIFICANT ACCOUNTING POLICIES USED IN PREPARING THE SEFA
Accounting Policies: Humboldt Transit uses the accrual basis of accounting. The SEFA report includes the Federal Grants received and passed through from CA Dept of Transportation and expended. The grants were for operating assistance for rural area transit needs. We obtained copies of the remittance advices from the State of California. We also selected multiple invoices to test. Both the CARES ACT and ARPA grants were also used for operating assistance. We obtained reimbursement requests prepared by HTA which included PPE and personnel expenses. There was also an emergency operating grant under CRRSAA which covered additional personnel and safety equipment.
De Minimis Rate Used: N
Rate Explanation: Auditee used actual cost
Humboldt Transit uses the accrual basis of accounting. The SEFA report includes the Federal Grants received and passed through from CA Dept of Transportation and expended. The grants were for operating assistance for rural area transit needs. We obtained copies of the remittance advices from the State of California. We also selected multiple invoices to test. Both the CARES ACT and ARPA grants were also used for operating assistance. We obtained reimbursement requests prepared by HTA which included PPE and personnel expenses. There was also an emergency operating grant under CRRSAA which covered additional personnel and safety equipment.
Title: DID THE AUDITEE USE THE DE MINIMIS COST RATE?
Accounting Policies: Humboldt Transit uses the accrual basis of accounting. The SEFA report includes the Federal Grants received and passed through from CA Dept of Transportation and expended. The grants were for operating assistance for rural area transit needs. We obtained copies of the remittance advices from the State of California. We also selected multiple invoices to test. Both the CARES ACT and ARPA grants were also used for operating assistance. We obtained reimbursement requests prepared by HTA which included PPE and personnel expenses. There was also an emergency operating grant under CRRSAA which covered additional personnel and safety equipment.
De Minimis Rate Used: N
Rate Explanation: Auditee used actual cost
The auditee did not use the de minimis cost rate.