Notes to SEFA
Title: BASIS OF PRESENTATION
Accounting Policies: Expenditures reported on the Schedule of Expenditures of Federal Awards (the “Schedule”) are
reported on the accrual basis of accounting. Such expenditures are recognized following the
cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not
allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: Fargo-Moorhead Metropolitan Council of Governments has not elected to use the 10-percent de
minimis indirect cost rate as allowed under the Uniform Guidance.
The accompanying Schedule includes the federal award activity of Fargo-Moorhead
Metropolitan Council of Governments under programs of the federal government for the year
ended December 31, 2023. 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). Because the Schedule presents only a selected portion of the operations of Fargo-
Moorhead Metropolitan Council of Governments, it is not intended to and does not present the
financial position or changes in net position of Fargo-Moorhead Metropolitan Council of
Governments.
Title: PASS-THROUGH ENTITIES
Accounting Policies: Expenditures reported on the Schedule of Expenditures of Federal Awards (the “Schedule”) are
reported on the accrual basis of accounting. Such expenditures are recognized following the
cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not
allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: Fargo-Moorhead Metropolitan Council of Governments has not elected to use the 10-percent de
minimis indirect cost rate as allowed under the Uniform Guidance.
All pass-through entities listed above use the same AL numbers as the federal grantors to
identify these grants, and have not assigned any additional identifying numbers.