Notes to SEFA
Title: Note A: General
Accounting Policies: The accompanying schedule of expenditures of federal awards is presented using the modified accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The auditee does not use the de minimis cost rate.
The accompanying schedule of expenditures of federal awards present the activity of all federal financial assistance programs of Caln Township. Federal financial assistance received drectly from federal agencies as well as federal financial assistance passed through other governmental agencies is included in the schedule.
Title: Note B: Basis of Accounting
Accounting Policies: The accompanying schedule of expenditures of federal awards is presented using the modified accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The auditee does not use the de minimis cost rate.
The accompanying schedule of expenditures of federal awards is presented using the modified accrual basis of accounting.
Title: Note C: Indirect Cost Rates
Accounting Policies: The accompanying schedule of expenditures of federal awards is presented using the modified accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The auditee does not use the de minimis cost rate.
The Borough has not elected to use the 10% de minimis indirect cost rate as allowed in the Uniform Guidance, Section 414.