Notes to SEFA
Title: 3. Subrecipients
Accounting Policies: Presented in conformity with generally accepted accounting principles using the modified accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: Cannon County elected not to use the 10% de minimis cost rate permitted in the Uniform Gudiance.
No amounts ($0) were passed-through to subrecipients.
Title: 4. Clusters
Accounting Policies: Presented in conformity with generally accepted accounting principles using the modified accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: Cannon County elected not to use the 10% de minimis cost rate permitted in the Uniform Gudiance.
Child Nutrition Cluster total $990,472; Special Education Cluster (IDEA) total $592,020.
Title: 5. Pass-Through Entity Identifying Number
Accounting Policies: Presented in conformity with generally accepted accounting principles using the modified accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: Cannon County elected not to use the 10% de minimis cost rate permitted in the Uniform Gudiance.
Information Not Available
Title: 6. ALN Totals
Accounting Policies: Presented in conformity with generally accepted accounting principles using the modified accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: Cannon County elected not to use the 10% de minimis cost rate permitted in the Uniform Gudiance.
Total for ALN 10.555 is $765,779; Total for ALN 84.173 is $19,576; Total for ALN 84.425 is $1,963,443; Total for ALN 93.323 is $214,729.
Title: 7. Consolidated Administration
Accounting Policies: Presented in conformity with generally accepted accounting principles using the modified accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: Cannon County elected not to use the 10% de minimis cost rate permitted in the Uniform Gudiance.
See the table in the notes to the SEFA for a list of funds consolidated for administrative purposes.