Notes to SEFA
Title: Note A: Basis of Presentation
Accounting Policies: Expenditures reported on the schedule are reported on the modified accrual basis of accounting.
De Minimis Rate Used: Y
Rate Explanation: The JCDA has elected to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
The accompanying schedule of expenditures of federal awards (the schedule) includes the federal award activity of the JCDA under programs of the federal
government for the fiscal year ended June 30, 2024. Because the schedule presents only a selected portion of the operations of the JCDA, it is not intended to
and does not present the financial position, changes in net assets, or cash flows of the JCDA.
Title: Note C: Subrecipients
Accounting Policies: Expenditures reported on the schedule are reported on the modified accrual basis of accounting.
De Minimis Rate Used: Y
Rate Explanation: The JCDA has elected to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
The JCDA had no subrecipients under these grants.