Notes to SEFA
Title: Basis of Presentation
Accounting Policies: Summary of Significant Accounting Policies
The accompanying schedule of expenditures of federal and state awards is presented using the
accrual basis of accounting which is described in Note 2 to the financial statements. 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.
Pass-through entity identifying numbers are presented where available.
De Minimis Rate Used: N
Rate Explanation: Indirect Cost Rate
The Organization has elected not to use the 10-percent de minimis indirect cost rate allowed
under the Uniform Guidance.
The accompanying schedule of expenditures of federal and state awards presents the activity of
all federal financial assistance programs of the Organization. The information in this schedule is
presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR)
Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for
Federal Awards (Uniform Guidance). Therefore, some amounts presented in these schedules
may differ from amounts presented in or used in the preparation of the basic financial
statements. All federal awards received directly from federal agencies, as well as federal awards
passed through other government agencies are included in the schedule of expenditures of
federal awards. Because the schedule presents only a selected portion of the operations of the
Organization, it’s not intended to and does not present the financial position, changes in net
assets, or cash flows of the Organization.
Title: Sub-recipients
Accounting Policies: Summary of Significant Accounting Policies
The accompanying schedule of expenditures of federal and state awards is presented using the
accrual basis of accounting which is described in Note 2 to the financial statements. 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.
Pass-through entity identifying numbers are presented where available.
De Minimis Rate Used: N
Rate Explanation: Indirect Cost Rate
The Organization has elected not to use the 10-percent de minimis indirect cost rate allowed
under the Uniform Guidance.
Of the federal expenditures presented in the schedule, the Organization provided no federal or
state awards to sub-recipients.
Title: Relationship to Federal Financial Reports
Accounting Policies: Summary of Significant Accounting Policies
The accompanying schedule of expenditures of federal and state awards is presented using the
accrual basis of accounting which is described in Note 2 to the financial statements. 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.
Pass-through entity identifying numbers are presented where available.
De Minimis Rate Used: N
Rate Explanation: Indirect Cost Rate
The Organization has elected not to use the 10-percent de minimis indirect cost rate allowed
under the Uniform Guidance.
The regulations and guidelines governing the preparation of federal financial reports vary by
Federal agency and among programs administered by the same agency. Accordingly, the
amounts reported in the federal financial reports do not necessarily agree with the amounts
reported in the accompanying schedule of expenditures of federal awards, which is prepared on
the accrual basis explained in Note 2.
Title: Single Audit – Type A/Type B Program Threshold
Accounting Policies: Summary of Significant Accounting Policies
The accompanying schedule of expenditures of federal and state awards is presented using the
accrual basis of accounting which is described in Note 2 to the financial statements. 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.
Pass-through entity identifying numbers are presented where available.
De Minimis Rate Used: N
Rate Explanation: Indirect Cost Rate
The Organization has elected not to use the 10-percent de minimis indirect cost rate allowed
under the Uniform Guidance.
Dollar threshold used to distinguish between Type A and Type B programs is $750,000. Single
audit requirement is $750,000.