Notes to SEFA
Title: 2
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of SECOG and is presented on the full accrual basis of accounting unless otherwise noted. 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 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: SECOG has elected not to use the 10 percent de minimis indirect cost rate as allowed by uniform guidance. Indirect costs are based on actual expenditures determined in accordance with the guidelines established by the grantor agency.
For the Metropolitan Planning Organization program, SECOG and participating agencies were reimbursed for eligible costs at the rate of 81.95%. Amounts reflected represent the 81.95% portion.
Title: 3
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of SECOG and is presented on the full accrual basis of accounting unless otherwise noted. 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 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: SECOG has elected not to use the 10 percent de minimis indirect cost rate as allowed by uniform guidance. Indirect costs are based on actual expenditures determined in accordance with the guidelines established by the grantor agency.
For the Metropolitan Planning Organization program, individual award amounts passed through to subrecipients, include the following:
City of Sioux Falls, South Dakota $ 886,699
Minnehaha County, South Dakota 49,170
City of Brandon, South Dakota 136,946
Lincoln County, South Dakota 30,469
City of Tea, South Dakota 517
$ 1,103,801