Title: NOTE 1. BASIS OF PRESENTATION
Accounting Policies: The schedule of expenditures of federal awards includes the federal grant activity of Hawaii County Economic Opportunity Council (HCEOC) and is presented, where applicable, on the accrual basis of accounting. 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). Therefore, some of the amounts presented in this schedule may differ from amounts presented in, or used in the preparation of the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: HCEOC has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance during year ended September 30, 2023.
The schedule of expenditures of federal awards includes the federal grant activity of Hawaii County Economic Opportunity Council (HCEOC) and is presented, where applicable, on the accrual basis of accounting. 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). Therefore, some of the amounts presented in this schedule may differ from amounts presented in, or used in the preparation of the basic financial statements.
Title: NOTE 2. SUBRECIPIENTS
Accounting Policies: The schedule of expenditures of federal awards includes the federal grant activity of Hawaii County Economic Opportunity Council (HCEOC) and is presented, where applicable, on the accrual basis of accounting. 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). Therefore, some of the amounts presented in this schedule may differ from amounts presented in, or used in the preparation of the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: HCEOC has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance during year ended September 30, 2023.
HCEOC did not provide any of the federal awards listed in the schedule of expenditures of federal awards to subrecipients.
Title: NOTE 3. OVERSIGHT AGENCY
Accounting Policies: The schedule of expenditures of federal awards includes the federal grant activity of Hawaii County Economic Opportunity Council (HCEOC) and is presented, where applicable, on the accrual basis of accounting. 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). Therefore, some of the amounts presented in this schedule may differ from amounts presented in, or used in the preparation of the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: HCEOC has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance during year ended September 30, 2023.
The U.S. Department Health and Human Services and U.S. Department of the Treasury have been designated as HCEOC’s oversight agencies.
Title: NOTE 4. INDIRECT COST ALLOCATION
Accounting Policies: The schedule of expenditures of federal awards includes the federal grant activity of Hawaii County Economic Opportunity Council (HCEOC) and is presented, where applicable, on the accrual basis of accounting. 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). Therefore, some of the amounts presented in this schedule may differ from amounts presented in, or used in the preparation of the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: HCEOC has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance during year ended September 30, 2023.
HCEOC has not entered into an approved indirect cost negotiation agreement covering the year ended September 30, 2023.