Notes to SEFA
Accounting Policies: Note 1 The accompanying Schedule of Expenditures of Federal Awards includes the Federalgrant activity of the Alliance, and is presented on the accrual basis of accounting. Theinformation in this schedule is presented in accordance with requirements of Title 2 U.S.Code of Federal Regulations Part 200, Uniform Administrative Requirements, CostPrinciples and Audit Requirements for Federal Awards ("Uniform Guidance").Therefore, some amounts presented in this schedule may differ from amounts presentedin, or used in, the basic financial statements.Note 2 Management has reported that expenditures in this Schedule of Expenditures of FederalAwards are equal to or derived from those amounts reported in the annual or final costreports. Unallowed differences, if any, have been disclosed to the auditor.Note 3 The financial reports, including claims for advances and reimbursements, and amountsclaimed or used for matching are timely, complete, accurate and contain information thatis supported by the books and records from which the financial statements have beenprepared.Note 4 The amount expended includes $56,567 claimed as an indirect cost recovery using anapproved indirect cost rate of 25.94%. The Alliance did not use the 10% de minimisindirect cost rate allowed under the Uniform Guidance.Note 5 A reconciliation of expenditures on the Schedule of Expenditures of Federal Awards withFederal sources reported on the financial statements are as follows:Federal expenditures per Schedule of Expenditures ofFederal Awards $ 897,192Federal revenues not subject to Single Audit 71,977Federal sources per financial statements $ 969,169
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.