Notes to SEFA
Title: NOTE 2 - PRESENTATION
Accounting Policies: The acommpanying schedule of expenditures of federal awards is prepared on the modified accrual basis of accounting. Under the modified accrual basis of accounting, expenditures are recorded when the related grant liability is incurred.
De Minimis Rate Used: N
Rate Explanation: The Court has not elected to use the ten percent (10%) indirect cost rate allowed under the Uniform Guidance.
The accompanying schedule of expenditures of federal awards covers the fiscal year ended December 31, 2023.
Title: NOTE 4 - LOAN AND LOAN GUARANTEES
Accounting Policies: The acommpanying schedule of expenditures of federal awards is prepared on the modified accrual basis of accounting. Under the modified accrual basis of accounting, expenditures are recorded when the related grant liability is incurred.
De Minimis Rate Used: N
Rate Explanation: The Court has not elected to use the ten percent (10%) indirect cost rate allowed under the Uniform Guidance.
The Court did not expend federal wareds related to loans or loan gurantees during the year ended December 31, 2023. The Court had no loans outstanding at the year ended December 31, 2023.
Title: NOTE 5 - FEDERALLY FUNDED INSURANCE
Accounting Policies: The acommpanying schedule of expenditures of federal awards is prepared on the modified accrual basis of accounting. Under the modified accrual basis of accounting, expenditures are recorded when the related grant liability is incurred.
De Minimis Rate Used: N
Rate Explanation: The Court has not elected to use the ten percent (10%) indirect cost rate allowed under the Uniform Guidance.
The Court has no federally funded insurance
Title: NOTE 6 - NONCASH ASSISTANCE
Accounting Policies: The acommpanying schedule of expenditures of federal awards is prepared on the modified accrual basis of accounting. Under the modified accrual basis of accounting, expenditures are recorded when the related grant liability is incurred.
De Minimis Rate Used: N
Rate Explanation: The Court has not elected to use the ten percent (10%) indirect cost rate allowed under the Uniform Guidance.
The Court did not receive any federal noncash assistance for the year ended December 31, 2023.