Notes to SEFA
Title: NOTE 3: RISK-BASED AUDIT APPROACH
Accounting Policies: Schuylkill County Conservation District (the “District”) is the reporting entity for financial reporting purposes is defined in Note 1B to the District’s basic financial statements. For purposes of preparing the schedule of expenditures of federal awards, the District’s reporting entity is the same that was used for financial reporting. The accompanying Schedule of Expenditures of Federal Awards includes the grant activity of the District and is presented using the modified accrual basis of accounting, which is described in Note 1D to the District’s basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The District did not use the 10% de minimis indirect cost rate.
The 2023 threshold for determining Type A and Type B programs is $750,000. The following program was audited as major: Federal AL Number - 21.027 Program - Coronavirus State and Local Fiscal Recovery Funds. The amount expended under the program audited as a major federal program for the year ended December 31, 2023, totaled $631,294 or 45.37% of total federal awards expended.