Notes to SEFA
Title: NON – CASH ASSISTANCE
Accounting Policies: Expenditures reported on the Schedule are reported on the modified accrual basis of accounting.
Such expenditures are recognized following the cost principles contained at Title 2 U.S. Code of
Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, wherein
certain types of expenditures are not allowable or are limited as to reimbursement
De Minimis Rate Used: Y
Rate Explanation: 0.1
The agency did not receive any federal non-cash assistance for the fiscal year ended September 30, 2023
Title: CONTINGENCY
Accounting Policies: Expenditures reported on the Schedule are reported on the modified accrual basis of accounting.
Such expenditures are recognized following the cost principles contained at Title 2 U.S. Code of
Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, wherein
certain types of expenditures are not allowable or are limited as to reimbursement
De Minimis Rate Used: Y
Rate Explanation: 0.1
The grant revenue amounts received are subject to audit and adjustment. If any expenditures are
disallowed by a grantor agency as a result of such an audit, any claim for reimbursement to the
grantor agencies would become a liability of the agency. In the opinion of management, all grant
expenditures comply with the terms of the grant agreements and applicable federal and state laws
and regulations.