Title: NOTE 1 – GENERAL
Accounting Policies: NOTE 1 – GENERAL
The accompanying Schedule of Expenditures of Federal Awards (SEFA) presents the activity of all federal award programs
of Fresno COG. Federal awards received directly from federal agencies, as well as federal awards passed through other
government agencies are included in the schedule. The information 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).
NOTE 2 – BASIS OF ACCOUNTING
The accompanying SEFA is presented using the accrual basis of accounting, which is described in Note 1 of Fresno COG’s
financial statements. Expenditures reported on the SEFA are reported on the modified accrual basis of accounting. Such
expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of
expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: NOTE 4 – INDIRECT COST RATE
Fresno COG has elected not to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.
The accompanying Schedule of Expenditures of Federal Awards (SEFA) presents the activity of all federal award programs
of Fresno COG. Federal awards received directly from federal agencies, as well as federal awards passed through other
government agencies are included in the schedule. The information 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).
Title: NOTE 2 – BASIS OF ACCOUNTING
Accounting Policies: NOTE 1 – GENERAL
The accompanying Schedule of Expenditures of Federal Awards (SEFA) presents the activity of all federal award programs
of Fresno COG. Federal awards received directly from federal agencies, as well as federal awards passed through other
government agencies are included in the schedule. The information 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).
NOTE 2 – BASIS OF ACCOUNTING
The accompanying SEFA is presented using the accrual basis of accounting, which is described in Note 1 of Fresno COG’s
financial statements. Expenditures reported on the SEFA are reported on the modified accrual basis of accounting. Such
expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of
expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: NOTE 4 – INDIRECT COST RATE
Fresno COG has elected not to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.
The accompanying SEFA is presented using the accrual basis of accounting, which is described in Note 1 of Fresno COG’s
financial statements. Expenditures reported on the SEFA are reported on the modified accrual basis of accounting. Such
expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of
expenditures are not allowable or are limited as to reimbursement.
Title: NOTE 3 – RELATIONSHIP TO BASIC FINANCIAL STATEMENTS
Accounting Policies: NOTE 1 – GENERAL
The accompanying Schedule of Expenditures of Federal Awards (SEFA) presents the activity of all federal award programs
of Fresno COG. Federal awards received directly from federal agencies, as well as federal awards passed through other
government agencies are included in the schedule. The information 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).
NOTE 2 – BASIS OF ACCOUNTING
The accompanying SEFA is presented using the accrual basis of accounting, which is described in Note 1 of Fresno COG’s
financial statements. Expenditures reported on the SEFA are reported on the modified accrual basis of accounting. Such
expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of
expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: NOTE 4 – INDIRECT COST RATE
Fresno COG has elected not to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.
Federal award expenditures agree or can be reconciled with the amounts reported in Fresno COG’s basic financial
statements.
Title: NOTE 4 – INDIRECT COST RATE
Accounting Policies: NOTE 1 – GENERAL
The accompanying Schedule of Expenditures of Federal Awards (SEFA) presents the activity of all federal award programs
of Fresno COG. Federal awards received directly from federal agencies, as well as federal awards passed through other
government agencies are included in the schedule. The information 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).
NOTE 2 – BASIS OF ACCOUNTING
The accompanying SEFA is presented using the accrual basis of accounting, which is described in Note 1 of Fresno COG’s
financial statements. Expenditures reported on the SEFA are reported on the modified accrual basis of accounting. Such
expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of
expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: NOTE 4 – INDIRECT COST RATE
Fresno COG has elected not to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.
Fresno COG has elected not to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.