Notes to SEFA
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of FirstLine under programs of the federal government for the year ended June 30, 2024 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 (Uniform Guidance). Therefore, some amounts presented in this schedule may differ from amounts in, or used in the preparation of, the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: FirstLine did not elect to use the 10% de minimis indirect cost rate for the year ended June 30, 2024.
FirstLine utilized indirect cost rates approved by the LDOE under various grant agreements ranging from 4.3% to 16.3%.