Notes to SEFA
Title: Basis of Presentation and Accounting
Accounting Policies: Accrual basis of accounting
De Minimis Rate Used: N
Rate Explanation: PDE used approved indirect cost rates of 10% to 46.43%.
The accompanying schedule of expenditures of federal awards includes expenditures related to the direct and indirect federal grants of PDE and is presented on the accrual basis of accounting. The information is presented in accordance with the requirements of the Uniform Guidance.
Title: Relationship to Basic Financial Statements
Accounting Policies: Accrual basis of accounting
De Minimis Rate Used: N
Rate Explanation: PDE used approved indirect cost rates of 10% to 46.43%.
Federal award expenditures are reported on the statement of activities and change in net assets as program services. Some amounts presented in this schedule may differ from amounts presented in or used in the preparation of the basic financial statements.
Title: Indirect Cost
Accounting Policies: Accrual basis of accounting
De Minimis Rate Used: N
Rate Explanation: PDE used approved indirect cost rates of 10% to 46.43%.
The amount expended includes $459,067 claimed as an indirect cost recovery using approved indirect cost rates of 10.00% to 46.43% for the year ended December 31, 2023.
Title: Amounts Awarded to Subrecipients
Accounting Policies: Accrual basis of accounting
De Minimis Rate Used: N
Rate Explanation: PDE used approved indirect cost rates of 10% to 46.43%.
Amounts awarded to subrecipients through Assistance Listing Number (ALN) 66.456, National Estuary Program (NEP), during the year ended December 31, 2023 was $106. Amounts awarded to subrecipients through ALN 15.670 Adaptive Science - NFWF Developing Propagation and Rearing Methods, during the year ended December 31, 2023 was $8,000. Amounts awarded to subrecipients through ALN 12.630, Basic, Applied, and Advanced Research in Science and Engineering/DEED, during the year ended December 31, 2023 was $4,166.
Title: National Estuary Program
Accounting Policies: Accrual basis of accounting
De Minimis Rate Used: N
Rate Explanation: PDE used approved indirect cost rates of 10% to 46.43%.
Non-Federal Match - NEP expenditures included in the accompanying schedule of expenditures of federal awards, represents the federal participation (47.87% cost share) of the approved contract expenditures incurred. The non-federal match of the remaining 52.13% was provided by state and local agencies.