Notes to SEFA
Title: NOTE 2 - PROGRAM COSTS
Accounting Policies: NOTE 1 - BASIS OF ACCOUNTING. This schedule is prepared on the same basis of accounting as the agency's financial statements. The agency uses the accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: NOTE 4 - INDIRECT COST RATE. The agency has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
The amounts shown as current year expenditures represent only the federal grant portion of the program costs. Entire program costs, including the agencys portion, may be more than shown. Such expenditures are recognized following the cost principles contained in Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
Title: NOTE 3 - PROGRAM INCOME
Accounting Policies: NOTE 1 - BASIS OF ACCOUNTING. This schedule is prepared on the same basis of accounting as the agency's financial statements. The agency uses the accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: NOTE 4 - INDIRECT COST RATE. The agency has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
The amount of project income applied against grant costs before requesting additional grant funding for Older Americans Act programs (Transportation IIIB and Nutrition IIIC) is $237,918.