Notes to SEFA
Title: NOTE 2 - PRESENTATION
Accounting Policies: The accompanying schedule of expenditures of federal awards is prepared on the modified accrualbasis of accounting. Under the modified accrual basis of accounting, expenditures are recordedwhen the related grant liability is incurred.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The accompanying schedule of expenditures of federal awards covers the fiscal year endedDecember 31, 2022.
Title: NOTE 4 - LOAN AND LOAN GUARANTEES
Accounting Policies: The accompanying schedule of expenditures of federal awards is prepared on the modified accrualbasis of accounting. Under the modified accrual basis of accounting, expenditures are recordedwhen the related grant liability is incurred.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The Court did not expend federal awards related to loans or loan guarantees during the year endedDecember 31, 2022. The Court had no loans outstanding at the year ended December 31, 2022.
Title: NOTE 5 - FEDERALLY FUNDED INSURANCE
Accounting Policies: The accompanying schedule of expenditures of federal awards is prepared on the modified accrualbasis of accounting. Under the modified accrual basis of accounting, expenditures are recordedwhen the related grant liability is incurred.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The Court has no federally funded insurance.
Title: NOTE 6 - NONCASH ASSISTANCE
Accounting Policies: The accompanying schedule of expenditures of federal awards is prepared on the modified accrualbasis of accounting. Under the modified accrual basis of accounting, expenditures are recordedwhen the related grant liability is incurred.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The Court did not receive any federal noncash assistance for the year ended December 31, 2022.