Notes to SEFA
Title: Reconciliation of the Schedule to thefinancial statements
Accounting Policies: The information in the Schedule of Expenditures of Federal Awards (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”). Therefore, some amounts presented in the Schedule may differ from amounts presented in, or used in the preparation of, the financial statements.
De Minimis Rate Used: N
Rate Explanation: The Commission has not elected to use the 10% de minimis cost rate allowed under the Uniform Guidance.
Intergovernmental revenue is made up of $2,424,481 of federal grant revenue and $4,039,724 of state and local government funding for a total of $6,464,205 of intergovernmental revenue.