Title: NOTE1: GENERAL
Accounting Policies: NOTE1: GENERAL
The accompanying schedule of expenditures of federal awards includes the federal grant
activity of the Commission under programs of the federal government for the year ended June
30, 2024. Because this schedule presents only a selected portion of operation of the
Commission, it is not intended to and does not present the financial position, change in net
assets, or cash flows of the Commission.
NOTE 2: BASIS OF ACCOUNTING
The accompanying schedule of expenditure of federal awards is presented on the accrual
basis of accounting, which is described in Note 2 of the Commission’s basic financial
statements. The information in this schedule is presented in accordance with the requirements
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: NOTE 3: INDIRECT COST RATES
The Commission has not elected to use the 10% de minimis indirect cost rate as allowed in
the Uniform Guidance, Section 414.
The accompanying schedule of expenditures of federal awards includes the federal grant
activity of the Commission under programs of the federal government for the year ended June
30, 2024. Because this schedule presents only a selected portion of operation of the
Commission, it is not intended to and does not present the financial position, change in net
assets, or cash flows of the Commission.
Title: NOTE 2: BASIS OF ACCOUNTING
Accounting Policies: NOTE1: GENERAL
The accompanying schedule of expenditures of federal awards includes the federal grant
activity of the Commission under programs of the federal government for the year ended June
30, 2024. Because this schedule presents only a selected portion of operation of the
Commission, it is not intended to and does not present the financial position, change in net
assets, or cash flows of the Commission.
NOTE 2: BASIS OF ACCOUNTING
The accompanying schedule of expenditure of federal awards is presented on the accrual
basis of accounting, which is described in Note 2 of the Commission’s basic financial
statements. The information in this schedule is presented in accordance with the requirements
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: NOTE 3: INDIRECT COST RATES
The Commission has not elected to use the 10% de minimis indirect cost rate as allowed in
the Uniform Guidance, Section 414.
The accompanying schedule of expenditure of federal awards is presented on the accrual
basis of accounting, which is described in Note 2 of the Commission’s basic financial
statements. The information in this schedule is presented in accordance with the requirements
Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative
Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform
Guidance).
Title: NOTE 3: INDIRECT COST RATES
Accounting Policies: NOTE1: GENERAL
The accompanying schedule of expenditures of federal awards includes the federal grant
activity of the Commission under programs of the federal government for the year ended June
30, 2024. Because this schedule presents only a selected portion of operation of the
Commission, it is not intended to and does not present the financial position, change in net
assets, or cash flows of the Commission.
NOTE 2: BASIS OF ACCOUNTING
The accompanying schedule of expenditure of federal awards is presented on the accrual
basis of accounting, which is described in Note 2 of the Commission’s basic financial
statements. The information in this schedule is presented in accordance with the requirements
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: NOTE 3: INDIRECT COST RATES
The Commission has not elected to use the 10% de minimis indirect cost rate as allowed in
the Uniform Guidance, Section 414.
The Commission has not elected to use the 10% de minimis indirect cost rate as allowed in
the Uniform Guidance, Section 414.