Notes to SEFA
Title: SEFA preparation
Accounting Policies: The SEFA is prepared in accordance with the modified accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: n/a
the SEFA is prepared utilizing the Cash Management System Grant Auditor Report.
Title: SEFA reconciliation to revenues per finanical statements
Accounting Policies: The SEFA is prepared in accordance with the modified accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: n/a
The SEFA expenditures are less than the Federal revenues per the governmental fund financial statements in the amount of $3,026 due to and adjustemnt of ($415) to the reported amount and $3,441 of Federal awards under vendor relationships being excluded from the SEFA.