Notes to SEFA
Title: Federal Assistance Listings Number
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of Association, and is presented on the accrual basis of accounting. The information in this schedule is in accordance with the requirements of Title 2 U.S Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost of Principles and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The Association has elected not to use the 10 percent de minimis cost rate as allowed under the Uniform Guidance.
The Program titles and Federal Assistance Listings (FAL) numbers were obtained from the federal or pass-through grantor or the 2024 Federal Assistance Listings. When no Federal Assistance Listing numbrs had been assigned to a program, the two digit federal agency identifier and the federal contract number were used. When there was no federal contract number, the 2-digit federal agency identifier and the word "unknown" were used.
Title: Subrecipients
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of Association, and is presented on the accrual basis of accounting. The information in this schedule is in accordance with the requirements of Title 2 U.S Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost of Principles and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The Association has elected not to use the 10 percent de minimis cost rate as allowed under the Uniform Guidance.
The Association passed through $1,347,797 and $55,329 of federal funding (FAL 93.217) and (FAL 93.092) respectively, to subrecipients during the year ended June 30, 2024.