Notes to SEFA
Title: General
Accounting Policies: The Schedule is presented using generally accepted accounting principles, as described in the BOCES' basic financial statements.
De Minimis Rate Used: N
Rate Explanation: Indirect costs are included in the reported expenditures to the extent they are included in the financial reports used as the source for the expenditures presented.
The BOCES did not elect to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal grant activity of the Eastern Suffolk BOCES (BOCES), under programs of the federal government for the year ended June 30, 2023. The information in the Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards . Because the Schedule presents only a portion of the operations of the BOCES it is not intended to and does not present the financial position or the respective changes in the financial position of the governmental activities and each major fund of the BOCES.
Title: Matching Costs
Accounting Policies: The Schedule is presented using generally accepted accounting principles, as described in the BOCES' basic financial statements.
De Minimis Rate Used: N
Rate Explanation: Indirect costs are included in the reported expenditures to the extent they are included in the financial reports used as the source for the expenditures presented.
The BOCES did not elect to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.
Matching costs, i.e., the BOCES' share of certain program costs, are not included in the reported expenditures.
Title: Nonmonetary Assistance
Accounting Policies: The Schedule is presented using generally accepted accounting principles, as described in the BOCES' basic financial statements.
De Minimis Rate Used: N
Rate Explanation: Indirect costs are included in the reported expenditures to the extent they are included in the financial reports used as the source for the expenditures presented.
The BOCES did not elect to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.
Nonmonetary assistance is reported in the schedule at the fair market value of the commodities received and disbursed. During the year ended June 30, 2023, the BOCES received food commodities totaling $80,179 (Assistance Listing No. 10.555).