Notes to SEFA
Title: Note B – Summary of Significant Accounting Policies
Accounting Policies: See Attached Form Note B - 1)
De Minimis Rate Used: N
Rate Explanation: The Agency is billed for allocated cost by State of Arkansas - See Note 3) to FS
1) Expenditures reported on the Schedule are reported on the cash basis of accounting. Such expenditures are recognized following the cost principles of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance), wherein certain types of expenditure are not allowable or are limited as to reimbursement.
Title: Note B – Summary of Significant Accounting Policies
Accounting Policies: See Attached Form Note B - 1)
De Minimis Rate Used: N
Rate Explanation: The Agency is billed for allocated cost by State of Arkansas - See Note 3) to FS
2) Pass-Thru entities are named and identifying numbers are presented if / when applicable.
Title: Note B – Summary of Significant Accounting Policies
Accounting Policies: See Attached Form Note B - 1)
De Minimis Rate Used: N
Rate Explanation: The Agency is billed for allocated cost by State of Arkansas - See Note 3) to FS
3) The Agency received no non-monetary assistance in the 2023 fiscal year end.