Notes to SEFA
Title: Federal Loan Balances
Accounting Policies: Achievement Services for Northeast Kansas, Inc.’s (the Organization’s) schedule of expenditures of federal awards 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).
De Minimis Rate Used: N
Rate Explanation: The Organization has not elected to use the 10% de minimis indirect cost rate provisioned by the Uniform Guidance Section 414, for reporting costs charged to federal award programs.
Participation in the U.S. Department of Agriculture Rural Rental Housing Loan program (AL 10.415) requires ongoing compliance requirements. As of June 30, 2023, the outstanding balance of the Organization’s loan under this program was $752,503. In accordance with the requirements of Uniform Guidance, $769,022 of federal expenditures have been included in federal assistance above since this amount represents the beginning balance of the loan for the year ended June 30, 2023.
Title: Subrecipients
Accounting Policies: Achievement Services for Northeast Kansas, Inc.’s (the Organization’s) schedule of expenditures of federal awards 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).
De Minimis Rate Used: N
Rate Explanation: The Organization has not elected to use the 10% de minimis indirect cost rate provisioned by the Uniform Guidance Section 414, for reporting costs charged to federal award programs.
The Organization did not provide any federally sourced funding or assistance to subrecipients.