Notes to SEFA
Title: Note A. BASIS OF PRESENTATION
Accounting Policies: Basis of Accounting: Expenditures reported on this 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: Functional Allocation of Expenses: Functional expenses are allocated to program related and administrative
functions. Most expenses are allocated directly to the program or support services benefited. Certain expenses
are allocated on a percentage basis.
The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of
Synergistic Hawaii Agriculture Council 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 Synergistic Hawaii Agriculture Council, it is not intended to and does not
present the financial position, changes in net assets, or cash flows of Synergistic Hawaii Agriculture
Council.
Title: Note B. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Accounting Policies: Basis of Accounting: Expenditures reported on this 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: Functional Allocation of Expenses: Functional expenses are allocated to program related and administrative
functions. Most expenses are allocated directly to the program or support services benefited. Certain expenses
are allocated on a percentage basis.
Basis of Accounting: Expenditures reported on this 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.
Indirect Cost Rate: The Organization has elected not to use the 10% de minimis cost rate.
Matching Requirements: Certain Federal Programs require Synergistic Hawaii Agriculture Council to
contribute non-Federal matching funds to support the Federally-funded programs. The Organization has
met the matching requirements. The Schedule does not include the expenditure of non-Federal matching
funds.
Title: Note C. SUBRECIPIENT PASS THROUGH AWARDS
Accounting Policies: Basis of Accounting: Expenditures reported on this 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: Functional Allocation of Expenses: Functional expenses are allocated to program related and administrative
functions. Most expenses are allocated directly to the program or support services benefited. Certain expenses
are allocated on a percentage basis.
A total of $782,411 in Federal awards from the U.S. Department of Agriculture were passed through to the subrecipients.
See the Notes to the SEFA for chart/table