Notes to SEFA
Title: Fund to Subrecipients
Accounting Policies: The accompanying schedule of expenditures of Federal Awards presents the expenditures of the year ended June 30, 2024, of all the federal assisted programs of the Cooperativa de Ahorro y Crédito Roosevelt Roads. The schedule was prepared following the accrual basis of accounting, which is further explained in Note 2 of the basic financial statements of the Cooperativa de Ahorro y Crédito Roosevelt Roads for the year ended June 30, 2024
De Minimis Rate Used: N
Rate Explanation: The Credit Union did not use the de minimis cost rate since all costs are charged directly to the federal awards.
The Credit Union did not disburse funds to subrecipients for the year ended June 30, 2024