Notes to SEFA
Title: Note - 1 Purpose of the Schedule
Accounting Policies: Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Reqwrements for Federal Awards (Uniform Guidance)
De Minimis Rate Used: N
Rate Explanation: N/A
The accompanying Schedule of Expenditures of Federal Awards (Schedule) is a supplementary schedule to Wasatch Behavioral Health Special Service District 's financial statements and is presented for purposes of additional analysis. Because the Schedule presents only a selected portion of the activities of Wasatch Behavioral Health Special Service District, it is not intended to and does not present the financial position, changes in fund balances or the current funds revenue, expenditures and other changes of Wasatch Behavioral Health Special Service District.
Title: Note - 2 Significant Acco unting Policies
Accounting Policies: Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Reqwrements for Federal Awards (Uniform Guidance)
De Minimis Rate Used: N
Rate Explanation: N/A
Basis of Presentation - The accompanying Schedule includes the federal award activity of Wasatch Behavioral Health Special Service District under programs of the federal government for the year ended June 30, 2024. The schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance).
Basis of Accounting - The expenditures reported in the Schedule are recognized as incurred based on the accrual basis of accounting and the cost accounting principles contained in the Uniform Guidance. Under those cost principles, certain types of expenditures are not allowable or are limited to the amount of reimbursement.
Type A and Type B programs - The Uniform Guidance establishes the levels of expenditures or expenses to be used in defining Type A and Type B federal awards programs. Type A programs, for Wasatch Behavioral Health Special Service District, are those programs which exceed $750,000 in federal expenditures, distributions, or issuances for the fiscal year ended June 30, 2024. Type B programs are those programs which did not exceed $750,000 in federal expenditures, distributions, or issuances for the fiscal year ended June 30, 2024.
Reporting Entity - The reporting entity is fully described in Note I of Wasatch Behavioral Health Special Service District 's financial statements. The Schedule includes all federal financial awards received directly from federal agencies as well as federal financial awards passed through from other governmental agencies for the year ended June 30, 2024.
Matching Costs - The Schedule does not include matching expenditures
Direct and Indirect Flow-Through Federal Assistance - The majority of the Wasatch Behavioral Health Special Service District 's federal awards are received indirectly from the granting federal agency (i.e., Wasatch Behavioral Health Special Service District is the sub-recipient).
Indirect Costs - Wasatch Behavioral Health did not elect to use the 10% de-minim is indirect cost rate