Notes to SEFA
Title: Note 1 – Basis of Presentation
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of Tri-County Special Education Association and is presented on the cash basis of accounting. The information in this schedule is presented in accordance with the requirements of the Office of Mangement and Budget Uniform Adminstrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. Therefore, some amouns presented in the schedule may differ from amounts presented in or used in the preparation of the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The Association has elected not to use the 10% de mininis cost rate as allowed under Uniform Guidance.
The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of Tri-County Special Education Association and is presented on the cash basis of accounting. The information in this schedule is presented in accordance with the requirements of the Office of Management and Budget Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements.
Title: Note 2 – Indirect Costs Rate
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of Tri-County Special Education Association and is presented on the cash basis of accounting. The information in this schedule is presented in accordance with the requirements of the Office of Mangement and Budget Uniform Adminstrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. Therefore, some amouns presented in the schedule may differ from amounts presented in or used in the preparation of the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The Association has elected not to use the 10% de mininis cost rate as allowed under Uniform Guidance.
The Association has elected not to use the 10% de minimis cost rate as allowed under Uniform Guidance.
Title: Note 3 – Non-Cash Assistance
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of Tri-County Special Education Association and is presented on the cash basis of accounting. The information in this schedule is presented in accordance with the requirements of the Office of Mangement and Budget Uniform Adminstrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. Therefore, some amouns presented in the schedule may differ from amounts presented in or used in the preparation of the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The Association has elected not to use the 10% de mininis cost rate as allowed under Uniform Guidance.
No Non-cash assistance is included in the schedule of federal award.
Title: Note 4 – Subrecipients
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of Tri-County Special Education Association and is presented on the cash basis of accounting. The information in this schedule is presented in accordance with the requirements of the Office of Mangement and Budget Uniform Adminstrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. Therefore, some amouns presented in the schedule may differ from amounts presented in or used in the preparation of the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The Association has elected not to use the 10% de mininis cost rate as allowed under Uniform Guidance.
No federal funds of the District were provided to subrecipients during the year.
Title: Note 5 – Other Information
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of Tri-County Special Education Association and is presented on the cash basis of accounting. The information in this schedule is presented in accordance with the requirements of the Office of Mangement and Budget Uniform Adminstrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. Therefore, some amouns presented in the schedule may differ from amounts presented in or used in the preparation of the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The Association has elected not to use the 10% de mininis cost rate as allowed under Uniform Guidance.
No federal funds were used to purchase insurance during the fiscal year.