Notes to SEFA
Title: BASIS OF PRESENTATION
Accounting Policies: This schedule was prepared from the accounting records of the Organization. The schedule is prepared
on the accrual basis of accounting. Amounts expended for capital assets are included in the amounts
listed but depreciation is not included in the grant expenditures. The reader is directed to the
accompanying notes to the financial statements for other accounting policies used by the Organization.
De Minimis Rate Used: N
Rate Explanation: The Organization has elected to not use the 10 percent de minimis cost rate as allowed under the Uniform Guidance.
The Schedule of Federal Awards presents the activity of all federal financial assistance and federal cost-
reimbursement contract of Serve Wyoming, Inc. (the Organization). 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 the
Organization, it is not intended to and does not present the financial position, changes in net assets or
cash flows of the Organization. Serve Wyoming Inc. received federal awards indirectly through a pass-through entity.
Title: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Accounting Policies: This schedule was prepared from the accounting records of the Organization. The schedule is prepared
on the accrual basis of accounting. Amounts expended for capital assets are included in the amounts
listed but depreciation is not included in the grant expenditures. The reader is directed to the
accompanying notes to the financial statements for other accounting policies used by the Organization.
De Minimis Rate Used: N
Rate Explanation: The Organization has elected to not use the 10 percent de minimis cost rate as allowed under the Uniform Guidance.
This schedule was prepared from the accounting records of the Organization. The schedule is prepared
on the accrual basis of accounting. Amounts expended for capital assets are included in the amounts
listed but depreciation is not included in the grant expenditures. The reader is directed to the
accompanying notes to the financial statements for other accounting policies used by the Organization.
Title: SUBRECIPIENTS
Accounting Policies: This schedule was prepared from the accounting records of the Organization. The schedule is prepared
on the accrual basis of accounting. Amounts expended for capital assets are included in the amounts
listed but depreciation is not included in the grant expenditures. The reader is directed to the
accompanying notes to the financial statements for other accounting policies used by the Organization.
De Minimis Rate Used: N
Rate Explanation: The Organization has elected to not use the 10 percent de minimis cost rate as allowed under the Uniform Guidance.
Of the federal expenditures presented in the schedule of expenditures of federal awards, Serve
Wyoming, Inc. provided federal awards to subrecipients as follows:
Program Title Federal CFDA Number Amount Provided to Subrecipient
AmeriCorps 94.006 $986,070
Title: MAJOR PROGRAMS
Accounting Policies: This schedule was prepared from the accounting records of the Organization. The schedule is prepared
on the accrual basis of accounting. Amounts expended for capital assets are included in the amounts
listed but depreciation is not included in the grant expenditures. The reader is directed to the
accompanying notes to the financial statements for other accounting policies used by the Organization.
De Minimis Rate Used: N
Rate Explanation: The Organization has elected to not use the 10 percent de minimis cost rate as allowed under the Uniform Guidance.
The Major programs are identified in the Summary of Auditor’s Results section of the Schedule of
Findings and Questioned Costs.s
Title: INDIRECT COST RULES
Accounting Policies: This schedule was prepared from the accounting records of the Organization. The schedule is prepared
on the accrual basis of accounting. Amounts expended for capital assets are included in the amounts
listed but depreciation is not included in the grant expenditures. The reader is directed to the
accompanying notes to the financial statements for other accounting policies used by the Organization.
De Minimis Rate Used: N
Rate Explanation: The Organization has elected to not use the 10 percent de minimis cost rate as allowed under the Uniform Guidance.
The Organization has elected to not use the 10 percent de minimis indirect cost rate as allowed under
the Uniform Guidance.