Notes to SEFA
Title: Note 1. Basis of Presentation
Accounting Policies: Expenditures on the SEFA are reported on the accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: 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.
The Council has elected not to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance. The Council
calculates indirect costs in accordance with budgeted amounts included in its grant agreements.
The accompanying Schedule of Expenditures of Federal Awards (SEFA) includes the Federal grant activity of the Council under programs
of the United States Government for the year ended June 30, 2023. Information on the SEFA is presented in accordance with the
requirements in Title 2 U.S. Code of Federal Regulations (CFR) Part 200 Uniform Administrative Requirements, Cost Principles, and Audit
Requirements for Federal Awards (Uniform Guidance). The SEFA presents only a selected portion of the operations of the Council;
accordingly, it is not intended to and does not present the financial position, changes in net assets or cash flows of the Council.
Title: Note 2. Summary of Significant Accounting Policies
Accounting Policies: Expenditures on the SEFA are reported on the accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: 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.
The Council has elected not to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance. The Council
calculates indirect costs in accordance with budgeted amounts included in its grant agreements.
Expenditures on the SEFA 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.
The Council has elected not to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance. The Council
calculates indirect costs in accordance with budgeted amounts included in its grant agreements.
Title: Note 3. Reconciliation between Statement of Activities and SEFA
Accounting Policies: Expenditures on the SEFA are reported on the accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: 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.
The Council has elected not to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance. The Council
calculates indirect costs in accordance with budgeted amounts included in its grant agreements.
The Council's accompanying Statement of Activities reports total support from all grants and contributions, which includes both federal
and non-federal amounts. Total support from all grants and contributions less support from non-federal grants and contributions was as
follows for the year ended June 30, 2023:
Support from all grants and contributions $ 1,751,066
Support from non-federal grants and contributions (254,745)
TOTAL EXPENDITURES OF FEDERAL AWARDS $ 1,496,321