Notes to SEFA
Accounting Policies: Notes:1. The subrecipients are The Nature Conservancy and Chesapeake Bay Foundation for their subawards under CFDA 10.902 for National Fish & Wildlife Fndn "Envision the Choptank"2. MDA awarded $200,000 from USDA, or 20.07% of their $996,565 NFWF award. ShoreRivers portion = $29,463 for full grant period3. Only $21,514.41 of this grant was federally funded. The remaining was MD state funding. (75% federal; 25% state)4. Only 92% of total award, or $66976.92, from federal funding.5. The subrecipients are The Nature Conservancy and Chesapeake Bay Foundation for their subawards under CFDA 66.466 for National Fish & Wildlife Fndn "Envision the Choptank"6. MDA awarded $796,565 from EPA, or 79.93% of their $996,565 NFWF award. ShoreRivers portion = $117,338 for full grant period7. The information above has been prepared on the cash basis of accounting. This is the same basis as our financial statements.8. The amounts above include the 10% de minimus MTDC rate.
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate.