Notes to SEFA
Title: Basis of Presentation
Accounting Policies: Expenditures reported on the schedule are reported on the 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: The Town elected not to utilize the de minimis cost rate.
The accompanying schedule of expenditures of federal awards (the “schedule”) includes the federal
award activity of the Town of Scarborough, Maine under programs of the federal government for the
year ended June 30, 2024. 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).
Because the schedule presents only a selected portion of the operations of the Town of Scarborough,
Maine, it is not intended to and does not present the financial position, changes in net position/fund balance, or cash flows of the Town of Scarborough.
Title: School Lunch Commodities
Accounting Policies: Expenditures reported on the schedule are reported on the 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: The Town elected not to utilize the de minimis cost rate.
Nonmonetary assistance is reported in the schedule of expenditures of federal awards at the cost of
commodities provided to the School Lunch Program. The total federal share of these commodities
and donations was $120,562 for the year ended June 30, 2024. The amounts have been included in
the schedule of expenditures of federal awards under Assistance Listing Number 10.565.
Title: Indirect Cost Rate
Accounting Policies: Expenditures reported on the schedule are reported on the 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: The Town elected not to utilize the de minimis cost rate.
Town of Scarborough, Maine has elected not to use the 10-percent de Minimis indirect cost rate
provided under Section 200.414 of the Uniform Guidance.