Notes to SEFA
Accounting Policies: 1. SIGNIFICANT ACCOUNTING POLICIES
Organization
The accompanying Schedule of Expenditures of Federal Awards represents all Federal awards administered by the Broome-
Tioga BOCES. The BOCES’ organization is defined in Note 1 to the BOCES’ basic financial statements.
Basis of Accounting
The accompanying schedule of expenditures of Federal awards includes the Federal grant activity of the BOCES and is
presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements
of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit
Requirements for Federal Awards. Therefore, some amounts presented in this schedule may differ from amounts presented in,
or used in the preparation of, the basic financial statements.
2. CLUSTER PROGRAMS
The following programs are identified by “OMB Compliance Supplement” to be part of a cluster of programs:
U.S. Department of Education
Student Financial Aid Cluster
ALN #84.268 Federal Direct Student Loans (Direct Loan)
ALN #84.063 Federal Pell Grant Program
3. STUDENT FINANCIAL AID CLUSTER
The Student Financial Aid Cluster revenue of $426,340 is reported by the BOCES as Charges for Services since the amounts are
for tuition paid by the program for qualifying students.
4. Indirect Cost Rate
The BOCES has not elected to use the 10% de minimis indirect cost rate.
De Minimis Rate Used: N
Rate Explanation: 4. Indirect Cost Rate
The BOCES has not elected to use the 10% de minimis indirect cost rate.