Notes to SEFA
Title: Note 1: Basis of Presentation
Accounting Policies: The schedule of expenditures of federal awards (the schedule) includes the federal grant activity of the Project under programs of the federal government for the year ended June 30, 2024. The informatio in this 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 (Uniform Guidance). Because the schedule presents only a selected portion of the operations of the Project, it is not intended to and does not present the financial position, changes in net assets or cash flows fo the Project.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
See table on page 24.
Title: Note 2: Basis of Accounting
Accounting Policies: The schedule of expenditures of federal awards (the schedule) includes the federal grant activity of the Project under programs of the federal government for the year ended June 30, 2024. The informatio in this 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 (Uniform Guidance). Because the schedule presents only a selected portion of the operations of the Project, it is not intended to and does not present the financial position, changes in net assets or cash flows fo the Project.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
See table on page 24.
Title: Note 3: Capital Advance
Accounting Policies: The schedule of expenditures of federal awards (the schedule) includes the federal grant activity of the Project under programs of the federal government for the year ended June 30, 2024. The informatio in this 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 (Uniform Guidance). Because the schedule presents only a selected portion of the operations of the Project, it is not intended to and does not present the financial position, changes in net assets or cash flows fo the Project.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
See table on page 24.