Notes to SEFA
Title: Note 1: Federal and State Awards
Accounting Policies: During the year ended June 30, 203, the Organization was the recipient of various federal and state grant funds. Federal funds were received either directly from the federal agency or indirectly throu the State of Arkansas or other pass through agencies. State funds were received directly from the State agencies. The Organization grant funds are accounted for on the accrual basis of accounting. Receipts are recorded when earned and authorized under the grant requirements, and expenditures are recorded as the authorized grant costs are incurred.
De Minimis Rate Used: N
Rate Explanation: The Organization has elected not to use the percent de minimis indirect cost rate as allowed under the Uniform Guidance.
See table on page 22
Title: Note 2: Summary of Significant Accounting Policies
Accounting Policies: During the year ended June 30, 203, the Organization was the recipient of various federal and state grant funds. Federal funds were received either directly from the federal agency or indirectly throu the State of Arkansas or other pass through agencies. State funds were received directly from the State agencies. The Organization grant funds are accounted for on the accrual basis of accounting. Receipts are recorded when earned and authorized under the grant requirements, and expenditures are recorded as the authorized grant costs are incurred.
De Minimis Rate Used: N
Rate Explanation: The Organization has elected not to use the percent de minimis indirect cost rate as allowed under the Uniform Guidance.
See table on page 22
Title: Note 3: Federal Indirect Cost Rate
Accounting Policies: During the year ended June 30, 203, the Organization was the recipient of various federal and state grant funds. Federal funds were received either directly from the federal agency or indirectly throu the State of Arkansas or other pass through agencies. State funds were received directly from the State agencies. The Organization grant funds are accounted for on the accrual basis of accounting. Receipts are recorded when earned and authorized under the grant requirements, and expenditures are recorded as the authorized grant costs are incurred.
De Minimis Rate Used: N
Rate Explanation: The Organization has elected not to use the percent de minimis indirect cost rate as allowed under the Uniform Guidance.
See table on page 22