Notes to SEFA
Title: 3. Subrecipient Information
Accounting Policies: Presented in conformity with generally accepted accounting principles using the modified accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: McNairy County elected not to use the 10% de minimis cost rate permitted in the Uniform Guidance.
No amounts ($0) were passed-through to subrecipients.
Title: 4. Cluster 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: McNairy County elected not to use the 10% de minimis cost rate permitted in the Uniform Guidance.
Child Nutrition Cluster total $2,365,800; Special Education Cluster (IDEA) total $1,131,164.
Title: 5. Pass-through Information
Accounting Policies: Presented in conformity with generally accepted accounting principles using the modified accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: McNairy County elected not to use the 10% de minimis cost rate permitted in the Uniform Guidance.
Information not available.
Title: 6. Pass-through Information FAL 20.607
Accounting Policies: Presented in conformity with generally accepted accounting principles using the modified accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: McNairy County elected not to use the 10% de minimis cost rate permitted in the Uniform Guidance.
Z23THS177: $3,479; Z24THS18: $1,719.
Title: 7. 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: McNairy County elected not to use the 10% de minimis cost rate permitted in the Uniform Guidance.
Total for ALN No. 10.555 is $1,695,039; Total for ALN No. 21.027 is $108,078; Total for FAL No. 84.027 is $1,095,786; Total for FAL No. 84.425 is $4,498,530.
Title: 8. Consolidated Adminstration
Accounting Policies: Presented in conformity with generally accepted accounting principles using the modified accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: McNairy County elected not to use the 10% de minimis cost rate permitted in the Uniform Guidance.
See table in the SEFA notes for amounts consolidated for administration purposes.