Notes to SEFA
Title: Basis of Presentation
Accounting Policies: The financial statements of the Jefferson Parish Sheriff's Office (the "Sheriff") have been prepared in conformity with generally accepted accounting principles (GAAP) as applied to governmental units. The Governmental Accounting Standards Board (GASB) is the accepted standard-setting body for establishing governmental accounting and financial reporting principles.
De Minimis Rate Used: N
Rate Explanation: The Sheriff has not elected to use the 10 percent de minimis indirect cost rate.
The schedule of expenditures of federal awards (the "Schedule") includes the federal award activity of the Sheriff under programs of the federal government for the year ended June 30, 2024. The information in the Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Notes to Schedule: JEFFERSON PARISH SHERIFF'S OFFICE Cash basis expenditures reported within the annual ESAC certification report must be disclosed within the Schedule of Federal Awards in accordance with U.S. Department of Justice policy. to reimbursement. Negative amounts shown on the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years. The Sheriff has not elected to use the 10 percent de minimis indirect cost rate. Cash Basis Presentation Requirement for Equitable Sharing of Federally Forfeited Expenditures reported on the Schedule are reported on the accrual basis of accounting, except as noted. Such expenditures are recognized following, as applicable, either the cost principles of OMB Circular A-87, Cost Principles for State, Local, and Indian Trial Governments, or the cost principles in Title 2 U.S. Code of Federal Regulatios Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, wherein certain types of expenditures are not allowable or are limited as Administrative Requirements, Costs Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of the Sheriff, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the Sheriff.
Title: Summary of Significant Accounting Policies
Accounting Policies: The financial statements of the Jefferson Parish Sheriff's Office (the "Sheriff") have been prepared in conformity with generally accepted accounting principles (GAAP) as applied to governmental units. The Governmental Accounting Standards Board (GASB) is the accepted standard-setting body for establishing governmental accounting and financial reporting principles.
De Minimis Rate Used: N
Rate Explanation: The Sheriff has not elected to use the 10 percent de minimis indirect cost rate.
Expenditures reported on the Schedule are reported on the accrual basis of accounting, except as noted. Such expenditures are recognized following, as applicable, either the cost principles of OMB Circular A-87, Cost Principles for State, Local, and Indian Trial Governments, or the cost principles in Title 2 U.S. Code of Federal Regulatios Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Negative amounts shown on the Schedule represent adjustments or
credits made in the normal course of business to amounts reported as expenditures in
prior years. The Sheriff has not elected to use the 10 percent de minimis indirect cost rate.
Title: Cash Bash is Presentation Requirement for Equitable Sharing of Federally Forfeited Property Grants
Accounting Policies: The financial statements of the Jefferson Parish Sheriff's Office (the "Sheriff") have been prepared in conformity with generally accepted accounting principles (GAAP) as applied to governmental units. The Governmental Accounting Standards Board (GASB) is the accepted standard-setting body for establishing governmental accounting and financial reporting principles.
De Minimis Rate Used: N
Rate Explanation: The Sheriff has not elected to use the 10 percent de minimis indirect cost rate.
Cash basis expenditures reported within the annual ESAC certification report must be disclosed within the Schedule of Federal Awards in accordance with U.S. Department of Justice policy.